House Approves Mortgage Assistance for Veterans

House approves mortgage assistance for veterans

WASHINGTON (NEXSTAR) - Thousands of veterans struggling to pay their home loans could soon get help from Congress after the Trump administration ended a mortgage rescue program earlier this month. The Veterans Affairs Servicing Purchase (VASP) program, which the Biden administration created as an emergency fix following the COVID-19 pandemic, gave homeowners an affordable way to catch up on their VA-backed mortgage loan payments. "President Trum…

House Passes Bill to Establish Home Loan Safety Net Program at VA

Industry Update May 19, 2025 Source: House Committee on Veterans’ Affairs The House Committee on Veterans’ Affairs Chairman Mike Bost (R-Ill.) and Subcommittee on Economic Opportunity Chairman Rep. Derrick Van Orden (R-Wis.), released the following statements after the House passed H.R. 1815, the VA Home Loan Program Reform Act, which would create a partial claim program at the Department of Veterans Affairs (VA) as part of the VA Home Loan prog…

House unanimously passes Barrett's bipartisan ASSIST Act to help disabled veterans

The U.S. House of Representatives on Monday unanimously passed H.R. 1364, the Automotive Support Services to Improve Safe Transportation (ASSIST) Act. The bipartisan legislation introduced by U.S. Rep. Tom Barrett and U.S. Rep. Maggie Goodlander of New Hampshire would help disabled veterans make the vehicle modifications they need to travel safely by giving the VA greater flexibility to offer financial assistance for a wider range of necessary a…