skews13
Diamond Member
- Mar 18, 2017
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As NPR reported Thursday, more than 10,000 have already lost their homes, nearly a year after the Trump administration abruptly did away with the VA Servicing Purchase (VASP) program. Under VASP, the VA purchases home loans that were in default from mortgage services and then modified the loans.
In March 2025, a representative from the Mortgage Bankers Association told the House Veterans Affairs Committee that widespread foreclosures would result if the VASP program—which Republicans in Congress said had been created by former President Joe Biden for “political purposes... to undercut the VA Home Loan program—was not protected.
I wonder who stands to gain from picking up the foreclosure notes on those homes?
In March 2025, a representative from the Mortgage Bankers Association told the House Veterans Affairs Committee that widespread foreclosures would result if the VASP program—which Republicans in Congress said had been created by former President Joe Biden for “political purposes... to undercut the VA Home Loan program—was not protected.
I wonder who stands to gain from picking up the foreclosure notes on those homes?