General World News

Trump signs VA foreclosure prevention bill into law

President Donald Trump on Wednesday signed Rep. Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate.

The VA Home Loan Program Reform Act will reform the U.S. Department of Veterans Affairs (VA) mortgage program by adding a partial claim option — a change that housing advocates say is urgently needed after the VA stopped accepting new applications for its Veteran Affairs Servicing Purchase (VASP) program on May 1.

The program had provided critical relief to struggling borrowers, and its closure left thousands of delinquent details ⇒

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