VA Home Loan Program Reform Act

This bill gives the Department of Veterans Affairs new ways to help veterans avoid losing their homes when they can't make loan payments. The VA can now pay money to loan holders to prevent foreclosure, as long as the VA gets a secured interest in the veteran's property. The bill also creates a five-year program where the VA can buy part of a veteran's loan debt when they are behind on payments or about to be. Veterans who get this help and still default must pay the VA back for any losses. The VA must also report to Congress on how to make sure veterans aren't disadvantaged when working with real estate agents.

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