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119-hr-2963119th CongressWALLET

FAIR Veterans Act of 2025

Sponsored By: Representative Takano, Mark [D-CA-39]

In Committee

Summary

Keeping veterans in their homes is the central goal of this bill. It would push the Department of Veterans Affairs to use its loan-servicing powers to avoid foreclosure and set up a program to pay loan holders the unpaid balance plus accrued interest and take assignment of those loans.

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  • Veterans and families: Would steer VA policy toward stronger loss mitigation so more veterans could avoid foreclosure and stay in their homes.
  • Loan holders and servicers: Would let the VA compensate lenders for unpaid balances plus accrued interest and receive assignments of VA-guaranteed loans and their security.
  • Department of Veterans Affairs and federal operations: Would create or clarify a program framework under 38 U.S.C. 3732(a)(2)(A) for loan assignment and transfer, and the provided text does not include new funding authorizations or detailed participation terms.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More foreclosure help for veteran homeowners

If enacted, veteran homeowners with VA‑guaranteed mortgages could get a new path to avoid foreclosure. VA would be directed to run a program that can pay your lender the unpaid balance plus accrued interest. In return, VA would take over your loan and the mortgage security. The bill also says foreclosure should be a last resort and urges VA to use its tools to keep veterans in their homes. The bill does not spell out dates, funding, or participation rules here, so help would depend on VA’s implementation.

Sponsors & CoSponsors

Sponsor

Takano, Mark [D-CA-39]

CA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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