January 22, 2025

Joint Letter in Support of Veterans Affairs Servicing Purchase Program

ICBA and other groups sent a letter to House and Senate Veterans’ Affairs leaders in support of maintaining the Veterans Affairs Servicing Purchase Program, which allows servicers to repurchase severely delinquent loans and modify them to stave off foreclosure.

ICBA said veterans who secured a VA loan as a benefit for serving deserve equal access to options to help them avoid foreclosure when they face financial hardship.