The most popular option is when another veteran assumes the VA loan and trades the benefit eligibility, said John Bell, executive director of VA’s Loan Guaranty Service.

Commenters said the challenges that servicers face in responding to COVID-related loss-mitigation programs argue against a rush by VA to implement its servicer tier rankings.

Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.

The Consolidated Appropriations Act of 2022 includes $53.7 billion for the Department of Housing and Urban Development.

Through its Loan Guaranty Service, the Veterans Benefits Administration is making fiscal 2022 funding grants available to encourage the development of new assistive technologies for adapted housing.

The House last week passed the Guard and Reserve GI Bill Parity Act, which would raise fees for VA home loans to help fund expanded educational assistance for servicemembers.

FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.

Spouses and children of Black World War II veterans who were shut out of the VA home loan program would be eligible under new legislation introduced this month.

Veterans United Home Loans offered to pay off the mortgage of 11 borrowers as part of a Veterans Day promotion.

First-time homebuyers seeking loans backed by FHA, VA or the Rural Housing Service are among those eligible for the DPA program under the Build Back Better Act.