What each number means, and doesn’t

Sen. Blumenthal remarks (15,000+ figure)

U.S. Senate Veterans’ Affairs Committee · 5/20/26

NPR investigation, “VA Loan Calamity” (Arnold / Lawrence).

NPR · 4/2/26 · 90,000+ behind, ICE data.

NCLC analysis to HVAC (Alys Cohen)

National Consumer Law Center · 3/26/26 · ~31,500 in active foreclosure; ~$72K avg loss.

Cost-effective VA loss-mitigation analysis

Center for Responsible Lending · ~$74K per disposition.

CBO score, H. Rept. 119-104

Congressional Budget Office / U.S. House · 2025 · scores H.R. 1815 as reported: −$147M net direct spending and $148M authorized subject to appropriation (Table 1); −$170M for section 3 alone; $294M avoided default-related payments; ~12,200 claims at $27,200, 37% subsidy rate, five-year sunset; and the Mandates section eliminating judicial review.

VA Partial Claim final policy

U.S. Dept. of Veterans Affairs · final policy published 6/1/26 via M26-4 Transmittal Sheet, Changes 13–14 (KnowVA) · submissions open 6/15; servicers +180 days → 11/28/26.

VA claim: 173,000 avoided foreclosure FY2025

U.S. Dept. of Veterans Affairs · press release, 6/15/26 · verifies that VA said it, VA “worked with mortgage servicers to help 173,000 Veterans” in FY2025. What counts as help is unpacked at C010

REO / auction-supply data

Auction.com · VA ~75% (75–80% in some months) of foreclosed homes to REO; +428% YoY

“Foreclosure. Period.” warning (Balce)

Mortgage Bankers Association · 3/2025 · foreseeability

H.R. 1815, VA Home Loan Program Reform Act, Pub. L. 119-31.

Congress.gov · signed into law 7/30/25 as Pub. L. 119-31 · the statute the Partial Claim Program runs on; VA’s launch release refers to it by the short form “VA Home Loan Reform Act”.

VASP program record / Circular 26-25-2

U.S. Dept. of Veterans Affairs · launched 5/31/24; killed 5/1/25.

GAO-26-107517, HUD-VASH referrals

U.S. Government Accountability Office · 3/30/26 · 174,045 un-referred; 87% undocumented.

M26-4 Chapter 22 (loss-mitigation / partial-claim gates)

U.S. Dept. of Veterans Affairs · final, effective 6/1/26 (Transmittal Change 14) · active-default, current-servicer, 3-month trial.

CARES Act forbearance provisions

U.S. Congress / federal agencies · 2020 · universal forbearance.

Rep. Pappas + 27 colleagues (28 signers)

U.S. House (Rep. Chris Pappas) · 5/26/26

NCLC + NFHA moratorium call (Takano-Pappas press conf.).

U.S. House Democrats (Veterans) · 5/20/25

Rising veteran homelessness / voucher-to-unit gap

National Coalition for Homeless Veterans

VA Homeless Programs FY25 budget breakdown (VA’s own).

U.S. Dept. of Veterans Affairs · ~26% to prevention; none prevents a foreclosure.

Pub. L. 119-37 §7307(e); 38 U.S.C. §3737(h), as amended.

U.S. Congress · Nov. 12, 2025 · two-step statute: Pub. L. 119-31 §3(a) first granted pre-regulation guidance authority but limited it to loans in default on the date of enactment; Pub. L. 119-37 §7307(e) then replaced that text, extending the authority to the Partial Claim Program and the loss-mitigation options under §3732(d) and dropping the default-at-enactment limiter.

VASP behind / accepted figures

CNN · 4/30/25 · ~75,000 behind and ~17,000 accepted at VASP cancellation; ~8 days notice.

eCFR Title 38 Part 36 (VA loan regulations).

U.S. Government / eCFR · 2026 · §§36.4315, 36.4319, 36.4350, 36.4809 rule text.

eCFR Title 12 §1024.41 (Regulation X loss mitigation).

U.S. Government / eCFR · 2026 · 30-day evaluation duty, specific denial reasons, anti-dual-tracking.

VASP launch materials, VA Circular 26-24-16 (existing-authority statement).

U.S. Dept. of Veterans Affairs · Circular 26-24-16, 2024 · existing authority under 38 U.S.C. §§3732 and 3720 · see also the VASP servicer FAQ

VRM REO / eviction contract record

USASpending / FPDS · PIID VA119A17C0062 · Vendor Resource Management, Inc. (Carrollton, TX), awarded by VA · $200.6M obligated / $302.4M current award / $374.4M potential ceiling · in progress.

VA Partial Claim / Loss Mitigation Waterfall FAQs for servicers.

U.S. Dept. of Veterans Affairs · updated 6/16/26 · VA’s own launch-vs-implementation split: “Servicers have 180 days to implement, from the date the final policy was published on June 1, 2026.”

Mortgage-industry comment letters on the draft policy (MBA, CHLA).

HousingWire (Sarah Wolak) · 3/12/26 · MBA and CHLA each asked VA for at least 180 days of servicer lead time; MBA said the draft framework could leave veterans “substantially worse” off than Fannie, Freddie or FHA borrowers.

ABA analysis of the final Chapter 5 / Chapter 22 policy.

ABA Banking Journal · 6/5/26 · Nov. 28 = 180 days from the June 1 effective date; waterfall simplified 8→6 steps; partial claim moved up to Step 5; “several technical issues remain and will require additional clarity from VA”.

ATTOM 2026 Mid-Year U.S. Foreclosure Market Report

ATTOM Data Solutions · 7/16/26 · 227,548 U.S. properties with foreclosure filings in H1 2026, up 21% year over year and 28% above H1 2024.

MBA National Delinquency Survey, Q1 2026

Mortgage Bankers Association · 5/14/26 · quarterly delinquency survey; the source of the FHA / VA / conventional delinquency split reported at S030 and S033.

“FHA and VA foreclosures could more than double by next fall”.

Mortgage Professional America · 7/23/26 · Donna Schmidt, DLS Servicing (59 servicers): VA borrowers who defaulted at ~4% are being modified to ~7.125% PMMS, “nearly double the payment” with no reduced-payment alternative available.

VA home loan refinancing fee would nearly triple under GOP-led bill.

Stars and Stripes (Linda F. Hersey) · 6/15/26 · funding-fee increase proposed the same day the Partial Claim Program launched.

“VA home foreclosures surge as veterans are urged to call servicers early”.

WRDW / WAGT 12 On Your Side · 6/23/26 · local broadcast coverage of the surge and the early-contact guidance given to veterans.

“US Foreclosures Rise 21%, FHA and VA Loans Show the Most Stress”.

The Close · 7/21/26 · reads the ATTOM and MBA data together: FHA delinquency 11.88%, VA 4.99%, conventional 2.75% in Q1 2026.

“Veterans Face Housing Squeeze as VA Pulls Back Help and New Homes Stall”.

Newsweek · 5/2/26 · national coverage of rising VA-backed foreclosures as relief programs wound down.

Realtor.com on the Partial Claim launch and the foreclosure process.

Realtor.com · 2026 · consumer-facing account of how the program works and where it sits in the foreclosure timeline.

“What is a loan modification and who qualifies”.

Military.com (Jim Stewart) · 7/22/26 · consumer explainer. Its comparison table is VA versus conventional, not VA versus FHA: VA modifications are assessed on residual income where conventional modifications use debt-to-income; both extend to 40 years; and VA modifications “typically aim to lower the rate to the current market average, or keep the existing rate if extending the term alone achieves affordability.” Background reference only, a consumer guide, not rule text, and no claim on this site rests on it.

“4 years until time expires on new VA mortgage program to avoid foreclosure”.

Military.com · 2026 · the Partial Claim Program’s statutory sunset. The window closes four years out.

H.R. 6644, 21st Century Veterans Affairs Benefits Delivery Act, enrolled text (119th Congress).

GovInfo / U.S. Congress · enrolled bill text as passed. Listed for the record; no claim on this site rests on it.

“Investors list more homes after Road to Housing Act, but impact may stay local”.

HousingWire · 7/21/26 · institutional-investor single-family rental listings have more than doubled since early February; the 21st Century ROAD to Housing Act may be contributing, though the effect appears local rather than national. Market-signal item, no direct VA-home-loan bearing confirmed; no claim on this site rests on it.

House roll call 249, motion to recommit, Take Care of America’s Veterans Act (H.R. 9237).

Office of the Clerk, U.S. House · 7/16/26 · the motion to recommit failed 210–211; leadership then pulled the bill from floor consideration.

Take Care of America’s Veterans Act (H.R. 9237), 119th Congress, bill record.

Congress.gov · legislative history, sponsors, text and status of record for the House bill.

H.R. 8532, VA Home Loan Affordability Act, bill text.

Congress.gov · introduced, text posted · would align parts of the VA home loan program with FHA-style requirements. A separate measure from the Take Care of America’s Veterans Act (H.R. 9237), not the same bill.

Sen. Murray on Legal Services Corporation funding, FY2026.

Office of Sen. Patty Murray · 2026 · “In FY26, Senator Murray protected $540 million for the Legal Services Corporation and rejected President Trump’s proposal to completely defund the largest funder of civil legal aid for low-income Americans.”

Legal Services Corporation FY2027 budget request

Legal Services Corporation · the FY2027 Budget Request document states the figure exactly: LSC seeks $2.143 billion for FY 2027 ($2,142,675,816), an increase of $10.2 million over the prior request. The same document reports that LSC grantees fully serve 29% of eligible applicants, partially serve 22%, and turn away 49% without services, about 1.8 million people denied assistance for lack of resources. It also records that the White House FY2026 budget proposal recommended eliminating LSC funding altogether, providing $21 million for close-out costs

LSC on unmet civil legal needs (press release).

Legal Services Corporation · the agency’s public statement of the funding needed to address low-income Americans’ unmet civil legal needs.

“LSC seeks $2.14B as White House pushes to slash funding”.

Law360 · 2026 · trade-press corroboration of the FY2027 request figure and of the proposed reduction. Subscription may be required.

LSC Justice Gap, Special Focus: Veterans and military personnel (2017).

Legal Services Corporation / NORC · 2017 Justice Gap Measurement Survey · 71% of low-income households with veterans or other military personnel experienced a civil legal problem in the past year (21% had six or more); they sought professional legal help for 21% of those problems and received inadequate or no professional legal help for an estimated 88% of them. Reasons for not seeking help: did not know where to look (29%), decided to handle it alone (25%), unsure it was a legal issue (18%). Figures are stated in the Special Focus: Veterans document itself; the Justice Gap report set is the parent publication

VA CARES Act guidance for borrowers with VA-guaranteed home loans.

U.S. Dept. of Veterans Affairs, Veterans Benefits Administration · 2020 · the guidance families were given when they took forbearance: up to 180 days on request with a further 180 available; a 60-day foreclosure and eviction moratorium from March 18, 2020; forbearance obtained by simply notifying the servicer; and, in VA’s own words. The missed payments “do not have to be made up in a single payment.” Captured PDF, served from this site; a live VA URL is still being pinned.

CARES Act Forbearance Fact Sheet for mortgagees and servicers of FHA, VA and USDA loans.

Federal interagency guidance · 2020 · the servicer-facing companion to S048, setting out the forbearance option for federally backed loans. Captured PDF, served from this site; a live URL is still being pinned.

VA Home Loan Program Reform Act of 2025, sponsor summary.

U.S. House · 2025 · the summary accompanying H.R. 1815. States that veterans could use a partial claim under CARES Act authority during the pandemic, that those authorities expired in 2021 and the option was withdrawn, and that every other federal home loan program offers a partial claim retention option except VA. Captured PDF, served from this site

House Veterans’ Affairs Committee hearing, April 11, 2024, VA budget request for FY2025 and FY2026.

U.S. House, 118th Congress, 2nd Session · CHRG-118hhrg55605 · Chairman Mike Bost, Ranking Member Mark Takano · witness Secretary Denis McDonough (Biden administration VA), who described VASP as “building on existing authority that we have” and put ~40,000 at-risk mortgage holders on the record. Note the change of administration: VASP was launched under Secretary McDonough and terminated in 2025 under Secretary Doug Collins.

Written statement of John Bell III, VA Executive Director, Loan Guaranty Service, HVAC Subcommittee on Economic Opportunity.

U.S. House Committee on Veterans’ Affairs · 2/15/24 · doc. HHRG-118-VR10-Wstate-BellJ-20240215.pdf · VA’s own account of why it had no partial claim, the 25%-vs-90% risk share, the Oct. 28 2022 COVID-VAPCP expiry, and VA’s 200,000 / 50,000 / 145,000 figures.

“Preventing Foreclosures: How the Pandemic Reshaped the Loss Mitigation Toolkit”.

Urban Institute, Housing Finance Policy Center · 7/2024 · independent analysis: VA had the most limited loss-mitigation options of any federal program; Congress needed to grant partial-claim authority; VASP’s undefined “exhausted all other options” standard would make implementation uneven.

Information for VA home loan borrowers during COVID-19, CARES Act frequently asked questions.

U.S. Dept. of Veterans Affairs, borrower-facing FAQ · VA’s own answers on forbearance entitlement, credit reporting, deferment, the COVID-VAPCP and Refund Modification eligibility dates, and the future-benefit consequence of short sale and deed in lieu.

VA Circular 26-24-2, Updates to VA’s COVID-19 Home Retention Waterfall and COVID-19 Refund Modification.

U.S. Dept. of Veterans Affairs · 2/9/24 · the Step D instruction not to initiate foreclosure or its alternatives, VA’s record that servicers had done so anyway, the waterfall’s own eligibility test, the 31%/30% Step C thresholds, and VA’s reserved §3732 refunding authority.

Hearing transcript, HVAC Subcommittee on Economic Opportunity, February 15, 2024 (Hearing 118-53).

U.S. House Committee on Veterans’ Affairs · 2/15/24 · the VASP exchange between Rep. Van Orden and VA’s John Bell III: the statutory-authority question, the below-market rate objection, and VA’s 40,000-borrower and portfolio-rate figures.

NPR investigation: veterans face foreclosure after VA ends a COVID forbearance program.

NPR (Chris Arnold, Quil Lawrence; data analysis Robert Benincasa) · 11/11/23 · ICE Mortgage Technology data indexed to Jan. 2018: VA active-foreclosure volume rises above its 2018 level while FHA and GSE volumes fall.

NPR reporting carried by OPB: veterans fear the VA’s new foreclosure rescue plan won’t help them.

NPR via OPB · 12/1/23 · servicer demands for full arrears after VA announced a pause; a modification raising the payment $1,300/month; the pause running only to 5/31/24; 40,000 VA borrowers in foreclosure or delinquent.

“Chairman Bost, Van Orden Issue Joint Statement on Phase Out of VASP Program”.

House Committee on Veterans’ Affairs (majority) · 4/3/25 · the committee’s own fiscal case for a partial claim over loan purchase: $22,500 average delinquency against $292,000–$320,000 average loan purchased, and a stated intent to establish a partial claim “while still protecting the American taxpayer”.