Wednesday, May 26, 2010

ROA Testifies on Home Loan Guarantee Program

ROA has testified at six House Veterans Affairs (HVAC) hearings so far this year.

The most recent testimony was on May 20, when Major General David Bockel, ROA’s Executive Director, testified before the HVAC subcommittee on economic opportunity, chaired by Rep. Stephanie Herseth Sandlin (D-S.D.), about “the Status of the Loan Guarantee Program.”

Read ROA's testimony on the V.A. Home Loan Guarantee Program

General Bockel testified in the second panel about the need to make permanent the Reserve Component Department of Veterans Affairs (VA) Home Loan guarantees which will be expiring in Oct. 2012. He also highlighted that there is not exact parity between Active and Reserve Components as Guard and Reserve members are charged 1/4 percent higher loan fee than active duty members.

Information from ROA’s testimony was used as a basis for questions later asked of Thomas J. Pamperin, Associate Deputy Under Secretary for Policy and Program Management, Veterans Benefits Administration, Department of Veterans Affairs, who was on the third panel.

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