Jan 22, 2025· Comment on AS16-Proposed Rule; Mortgage Bankers Association· VA-2024-VBA-0028-0009
Please accept the attached comments as the Mortgage Bankers Association response to the Department of Veterans Affairs proposed rule.
VARulemakingVA-2024-VBA-0028
AS16-Proposed Rule-Loan Guaranty: Loan Reporting and Partial or Total Loss of Guaranty or Insurance
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Last modified
Jan 22, 2025
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closed 553d ago
Mortgage Bankers Association filings
1
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Mortgage Bankers Association filed 1 comment on this docket between Jan 22, 2025 and Jan 22, 2025. 0 other organizations filed here. The comment window closed 553d ago.
What Mortgage Bankers Association filed (1)
Abstract
This proposed rulemaking would amend loan reporting requirements for lenders that participate in the VA-guaranteed home loan program and circumstances when VA would assert a defense for partial or total loss of guaranty or insurance for lenders and holders. These proposed amendments would support VA’s ongoing efforts to modernize and transform technology and processes within the guaranteed home loan program, capitalizing on industry standards. In addition, the proposed regulatory changes would update and enhance the loan guaranty reporting requirements for lenders, providing veterans stronger protections against noncompliant loans through improved transparency and oversight of the program.
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