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flag VA's proposed mortgage plan for veterans faces pushback over unfair terms and calls for delays and changes to protect vulnerable borrowers.

flag Mortgage industry groups are urging the VA to delay and revise its proposed partial claim program for veteran borrowers, citing concerns that current rules could offer less favorable terms than those for non-veteran borrowers. flag They seek to simplify the loss-mitigation process, limit payment increases, extend implementation time by 180 days, and ensure veterans who received pandemic-era relief remain eligible. flag The groups also recommend standardizing forbearance, clarifying servicer duties, and preventing excessive payment hikes to protect financially vulnerable veterans.

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