… a partial claim program that this program would bring VA Home Loan the VA Home Loan program on par with other programs such as fha, Fannie Mae and Freddie Mac. Many of you have heard my express my concerns and frustration with the idea of VA taking responsibility for as many 60,000 mortgages that would put American taxpayers on the hook when the excuse when the foreclosures are to the tune of 16, $16 trillion. Through VASP, this legislation would allow VA to provide limited assistance and includes mechanisms to encourage repayments as soon as veterans are able. (02:24–02:43)
CLAIM
Claims VA taking responsibility for 60,000 mortgages could cost taxpayers $16 trillion.
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