Apply Online
Schedule a Call

The VA

VA loans gain ground despite misconceptions and shutdown

LOAN PRODUCTS, Marketing, Originations, Politics and policy, The VA /

The Veterans Affairs home loan benefit has been available for more than 81 years, yet misconceptions about the program persist, a Navy Federal Credit Union survey found. These misunderstandings affect both eligible borrowers and real estate professionals concerned about VA requirements. VA mortgage applications accounted for 13.4% of all mortgage applications in the week ending […]

VA loans gain ground despite misconceptions and shutdown Read More »

Shutdown tests lenders’ plans to keep loans moving

FHA, Government Shutdown, HUD, Originations, The VA /

With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing.  As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services

Shutdown tests lenders’ plans to keep loans moving Read More »

Veterans Affairs mortgage executive John Bell III departs

CAREER & COMPENSATION, Career moves, Industry News, The VA /

John Bell III, executive director of the Department of Veterans Affairs’ Loan Guaranty Service, is leaving his role.  The longtime mortgage professional and U.S. Navy veteran had been the executive at LGY since 2022, and spent 15 years at the VA, according to his biography. In a Linkedin post late Sunday night, he announced his

Veterans Affairs mortgage executive John Bell III departs Read More »

VA foreclosure prevention bill signed into law by Trump

Foreclosures, Politics and policy, Servicing, The VA /

A rule establishing permanent foreclosure protection measures for Department of Veteran Affairs borrowers was signed into law by President Donald Trump Wednesday, after a previous iteration of a federal servicing program expired earlier this year. The VA Home Loan Program Reform Act, which was introduced by Rep. Derrick Van Orden R-Wis., aligns servicing guidelines with

VA foreclosure prevention bill signed into law by Trump Read More »

VA partial claims bill passes in the Senate

Industry News, Politics and policy, Servicing, The VA /

The U.S. Senate passed a partial claims bill aimed at helping Department of Veterans Affairs borrowers avoid foreclosure following the expiration of a previous federal servicing program this past spring.  Senators approved the VA Home Loan Program Reform Act by unanimous consent Tuesday evening after the House of Representatives previously proposed and passed the legislation

VA partial claims bill passes in the Senate Read More »

Why VASP is still driving Ginnie Mae buyout activity

Secondary markets, Servicing, The VA /

The Department of Veterans Affairs has technically ended some temporary mortgage relief. But there’s a phase-out process that could sustain loan buyout activity in Ginnie Mae securitizations another couple of months. The Veterans Affairs Servicing Purchase program ended May 1, but the VA has allowed trial payment plans (TPPs) in process to proceed through Aug.

Why VASP is still driving Ginnie Mae buyout activity Read More »

How to guide military PCS clients through home financing

Housing markets, LOAN PRODUCTS, Originations, The VA, Underwriting /

For many career servicemembers in the U.S. military, relocation is part of the job. Known as a Permanent Change of Station, these reassignments typically happen every two to four years and often involve moving an entire household: spouse, kids, pets and all. This is where lenders and real estate agents can play a critical role

How to guide military PCS clients through home financing Read More »

Calls for VASP reintroduction come from housing advocates

Distressed, Politics and policy, Servicing, The VA /

A consortium of consumer advocacy groups and legislators called for the re-establishment of an expired Department of Veterans Affairs program that kept thousands of service members out of foreclosure.  The National Consumer Law Center criticized the VA for allowing the Veterans Affairs Servicing Purchase program to lapse without a sufficient replacement. The program, which previously

Calls for VASP reintroduction come from housing advocates Read More »