Housing Advocates ‘Very Worried’ Veterans Could Face Foreclosure as VA Mortgage Rescue Program Phases Out

CNN, May 1, 2025-Brian Todd
Affordable housing advocates and congressional Democrats are warning that more foreclosures may occur as the Department of Veterans Affairs phases out a mortgage rescue program for financially strapped veterans this week.

Beginning Thursday, the VA will no longer accept enrollees to the Veterans Affairs Servicing Purchase Program, or VASP, a program established last year during the Biden administration that helps veterans who are in trouble with their mortgages.

“We are very worried,” Justin Wiseman, vice president for residential policy at the Mortgage Bankers Association, a nonpartisan group representing the interests of mortgage companies, told CNN.

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