2900-AQ25 201804 Unified Agenda of Federal Regulatory and Deregulatory Actions 2900 Department of Veterans Affairs VA Loan Guaranty: Revisions to VA-Guaranteed Refinance Home Loans

The Department of Veterans Affairs (VA) is proposing to amend its rules on VA-guaranteed refinance home loans. In promulgating this rulemaking, VA intends to curtail lending practices that increase the risk of equity skimming and serial refinancing, cause instability in the secondary lending market, devalue the loan guaranty benefit as a lending product, and expose taxpayers to unnecessary risk. This rulemaking would also make certain regulatory updates to conform with statutory changes.

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage No No Fully or Partially Exempt 38 CFR 36.4300 38 CFR 36.4306 38 CFR 36.4307 38 U.S.C. 501 38 U.S.C. 3720 38 U.S.C. 3703 38 U.S.C. 3710 No NPRM 06/00/2018 Yes Businesses None No No Yes No John Bell III Assistant Director for Loan Policy and Valuation (262) 2900 Department of Veterans Affairs VA 202 632-8786 john.bell2@va.gov 810 Vermont Avenue NW., Washington DC 20420