The Department of Veterans Affairs is looking into reports that a high percentage of VA loans are not closing on time, creating a disincentive for veterans who might want a VA loan. According to Jeff London, deputy director of the VA Loan Guaranty Service, his staff is researching the most recent closing times “to understand the reasons behind the increase for the industry as a whole” as well as how lengthy closing times are affecting veterans. “We have invested significant effort in reducing closing times so that our industry partners will seek to offer VA loans,” he said. Results of a recent Campbell/Inside Mortgage Finance HousingPulse Tracking Survey indicate that the share of VA loans closing on time fell to 55 percent in March 2015 from 70 percent in April 2014. The data suggest that 45 percent of VA loans are still experiencing serious delay. In addition, the average closing time for a VA loan was ...