A new and improved VA loan program: the VA Home Loan Guaranty program has been bringing vets the advantage of no-down-payment mortgages for years. This quietly successful program is making changes to make it an even more appealing alternative in today's market.

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Cover Report: Origination Strategies - Veterans Affairs

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A new and improved VA loan program: the VA Home Loan Guaranty program has been bringing vets the advantage of no-down-payment mortgages for years. This quietly successful program is making changes to make it an even more appealing alternative in today's market.

While the collapse of the subprime mortgage market has dominated recent headlines and national attention, leaders of the Department of Veterans Affairs (VA) Home Loan Guaranty program are quietly exploring a series of reforms to re-energize the national VA home loan program. With little fanfare or notice, Keith Pedigo, director of the VA Loan Guaranty Service, has set an ambitious agenda for growth and for the streamlining of the VA loan program for greater ease of use. [??] From an industry perspective, it's the classic tortoise-and-hare analogy. While subprime lenders are scrambling to recover after the rapid rise and fall of the subprime market, the VA home loan program has steadily and consistently been there to serve our nation's veterans. Current market conditions, including the subprime fallout a...

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