Starting May 1, 2025, the VA will halt new enrollments in the Veterans Affairs Support Program (VASP), a shift criticized for potentially increasing foreclosure risks among veterans. Critics, including Rep. Mike Bost and Reps. Derrick Van Orden, argue that VASP was politically motivated, orchestrated by the Biden administration to undermine the VA Home Loan benefit. The Mortgage Bankers Association warns that the discontinuation of VASP may leave veterans without necessary support, stressing the need for a new permanent partial claim option to assist those at risk of losing their homes.
The VA will stop accepting new enrollees in the VASP program to focus on its primary function as a mortgage loan service and safeguard veteran benefits.
Rep. Derrick Van Orden criticized VASP as a program designed to politically undermine the VA Home Loan program for veterans by misusing funds.
Bob Broeksmit of the MBA highlighted that discontinuing VASP could leave many veterans at risk of foreclosure without a proper alternative to support them.
Broeksmit noted the vital role of VASP in assisting veterans facing foreclosure by providing a pathway for sustainable home payment options.
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