From Breitbart: President Donald Trump signed a bill Wednesday to empower the Department of Veterans Affairs to help prevent the foreclosure of veterans’ homes.
The VA Home Loan Program Reform Act is now the law of the land after Trump signed it while flanked by its sponsor, Rep. Derrick Van Orden (R-WI), and Rep. Mike Bost (R-IL). Van Orden is a retired Navy SEAL with multiple combat tours, and Bost served in the Marine Corps from 1979 to 1982.
The bill “authorizes the VA to pay the holder of a loan guaranteed by the VA an amount necessary to avoid the foreclosure of the loan, provided that the holder of the loan and the veteran obligated on the loan execute documents to ensure the VA obtains a secured interest in the property covered by the loan,” according to a Congressional summary.
From the summary:
The VA must prescribe loss mitigation procedures to help prevent the foreclosure of such a home loan. The VA may not take specified administrative actions (e.g., consent to the modification of loan terms) until the sequence of mitigation options has been completed.
Next, the bill establishes a five-year Partial Claim Program under which the VA may make a partial claim (purchase a portion of the indebtedness) on VA loans for primary residences that are in default or at imminent risk of default. Individuals who default on loans for which the VA has made a partial claim under this program must be liable to the VA for any loss resulting from the default.
The president said the action is important as an estimated 60,000 American veterans are at risk of losing their homes.
President Donald J. Trump officially signs the “VA Home Loan Program Reform Act” into law. pic.twitter.com/IrdRGKqPpl
— Rapid Response 47 (@RapidResponse47) July 30, 2025
.@POTUS: “An estimated 61,000 American veterans in danger of losing their homes … but thanks to this bill, the @DeptVetAffairs will be empowered to pay loan holders the necessary amount to prevent foreclosures on our veterans.” pic.twitter.com/vOR5gA28lF
— Rapid Response 47 (@RapidResponse47) July 30, 2025
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