February 15, 2024 — Testimony

Steven R. Sharpe, Senior Attorney, National Consumer Law Center, testified on behalf of its low-income clients during “Sink or Swim? A Deep Dive into the Current State of VA’s Home Loan Program in a Competitive Market” before the United States House Committee on Veterans’ Affairs, Subcommittee on Economic Opportunity.

We applaud VA for recognizing the problems that its borrowers are facing and for implementing
a foreclosure pause until May 31, 2024 to give VA-guaranteed borrowers who are facing a dearth of options a chance to access programs that are in development. However, the pause is only meaningful if VA puts options in place that Veterans can access before losing their homes. We urge the agency to take several key steps.