Statement from Unite for Veterans on the Shutdown of the VA’s Mortgage Rescue Program

The Unite for Veterans coalition strongly condemns the abrupt shutdown of the Veterans Affairs Servicing Purchase (VASP) program by VA Secretary Doug Collins—a move that has put tens of thousands of veterans and military families at risk of losing their homes, with no viable replacement in place.

In less than a year, VASP helped more than 17,000 veterans avoid foreclosure, purchasing over $5.4 billion in delinquent loans and restructuring them into affordable, fixed-rate mortgages with 2.5% interest—at a time when market rates hovered around 7%. As of May 1, however, the Department of Veterans Affairs has stopped accepting new enrollees, leaving an estimated 58,000 veterans who were eligible for assistance now exposed to foreclosure.

The program was created after previous VA relief options expired during the pandemic—and the only tool many VA-backed borrowers had left. With nearly 90,000 seriously delinquent VA loans and 33,000 already in foreclosure, shutting down VASP without a replacement is not just a policy mistake—it’s a moral failure. Veterans who followed every instruction, applied in good faith, and were told help was coming have now been abandoned.

The decision was made with just eight days’ notice, without consultation with Congress, mortgage servicers, or veterans’ organizations. Those already in the process of enrolling were left in limbo, their futures uncertain. This is the second time in two years that the VA has left veterans stranded mid-crisis—first by canceling pandemic-era assistance in 2022, then by shutting down VASP with no bridge in place.

This is not a debate about budgets. It is a test of national integrity. You cannot honor veterans in speeches while stripping away the programs that keep them in their homes. And you cannot claim to protect taxpayers while choosing foreclosure—the costliest and most disruptive option for everyone involved.

Unite for Veterans calls on the VA and Congress to:

• Immediately reinstate the VASP program until a permanent, functional replacement is up and running;

• Pass the Veterans Housing Stability Act or comparable legislation to establish a sustainable partial-claim system within the VA;

• Ensure that no veteran is left behind due to administrative neglect, political posturing, or procedural delay.

This issue will be front and center at the Unite for Veterans March on Washington, taking place June 6, 2025, on the anniversary of D-Day. Thousands of veterans, families, and allies will gather at the U.S. Capitol to demand accountability—and justice.

We served this country. We upheld our end of the bargain.
Now it’s time for our country to keep its promise.