To amend title 38, United States Code, to require the Secretary of Veterans Affairs to submit to Congress a quarterly report on housing loans insured, guaranteed, or under laws administered by the Secretary, and for other purposes.
Summary
What This Bill Does
This bill amends title 38 section 3736, which already addresses annual reports, to add a quarterly reporting requirement for VA housing loan benefits. The Secretary of Veterans Affairs must submit each report to the House and Senate Committees on Veterans' Affairs. For the prior quarter, VA must report the number of housing loans insured, guaranteed, or made under the chapter; the number of denied applications for housing loan benefits; the number of VA loans refinanced under section 3710(a)(8) or section 3712; the number of veterans with mortgage payments on VA-backed loans at least 60 days late and at least 90 days late; and the number of full-time employees in the VA Home Loan Guaranty Service or successor office.
Who Benefits and How
Congressional veterans committees benefit from more frequent oversight data on VA mortgage volume, denials, refinancing, delinquency, and staffing. Veterans, veteran service organizations, mortgage lenders, housing counselors, and policy analysts benefit from clearer quarterly visibility into stress in the VA home-loan portfolio and Home Loan Guaranty Service capacity. VA leadership benefits from a recurring data structure that can identify operational pressure points before the annual report.
Who Bears the Burden and How
VA Home Loan Guaranty Service staff must compile, validate, and submit quarterly data on loans, denials, refinances, 60-day delinquencies, 90-day delinquencies, and staffing. VA data offices must align mortgage servicing and application systems to the reporting categories. Congressional staff must review more frequent reports. Mortgage servicers may face follow-up questions if delinquency data reveals emerging stress.
Key Provisions
- Requires quarterly VA reports to House and Senate Veterans' Affairs Committees on housing loan benefits.
- Requires counts of VA housing loans insured, guaranteed, or made during the prior quarter.
- Requires counts of denied VA housing loan applications.
- Requires counts of VA loans refinanced under sections 3710(a)(8) or 3712.
- Requires counts of veterans at least 60 days and 90 days late on VA-backed mortgage payments.
- Requires reporting on VA Home Loan Guaranty Service full-time employee counts.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires the Secretary of Veterans Affairs to submit quarterly reports to the House and Senate Veterans' Affairs Committees on VA housing loan activity, including loans made, guaranteed, or insured, denied applications, refinanced loans, 60-day and 90-day delinquency counts, and VA Home Loan Guaranty Service staffing.
Key Policy Areas
Veterans, Housing, Government
Primary Purpose
Requires the Secretary of Veterans Affairs to submit quarterly reports to the House and Senate Veterans' Affairs Committees on VA housing loan activity, including loans made, guaranteed, or insured, denied applications, refinanced loans, 60-day and 90-day delinquency counts, and VA Home Loan Guaranty Service staffing.
Policy Domains
Substantive provisions
Identified Gains
- Congressional veterans committees
- Veterans
- Veteran service organizations
- Mortgage lenders
- Housing counselors
- VA leadership
Identified Costs
- VA Home Loan Guaranty Service staff
- VA data offices
- Congressional oversight staff
- Mortgage servicers
Legislative Progress
In CommitteeForwarded by Subcommittee to Full Committee by Voice Vote.
Subcommittee Consideration and Mark-up Session Held
Referred to the Subcommittee on Economic Opportunity.
Mr. Whitesides introduced the following bill; which was referred to …
Referred to the House Committee on Veterans' Affairs.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Congressional veterans committees, VA Home Loan Guaranty Service staff, VA data offices
Positive-direction: Congressional veterans committees
Negative-direction: VA Home Loan Guaranty Service staff, VA data offices
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology