On April 28th, AMBA signed a joint letter with seven other associations, requesting the Department of Veterans Affairs (VA) to implement reforms outlined in President Trump’s March 13, 2026, Executive Order, “Promoting Access to Mortgage Credit,” with the goal of improving the availability and affordability of mortgage financing for veterans. The organizations specifically urge the VA to modernize its collateral valuation and appraisal process by aligning its standards more closely with those used by Fannie Mae, Freddie Mac, and the Federal Housing Administration.
The signers believe this change could be one of the most direct and effective ways to remedy the sometimes negative market perception of the VA Home Loan Guaranty Program. Of equal importance, an aligned approach to valuation would improve the utilization and delivery of the VA home loan benefit.
These recommended reforms would help streamline the mortgage origination process, reduce operational inefficiencies, and improve the overall borrower experience without materially increasing credit risk. Appraisal modernization is one of the most effective ways to strengthen the VA Home Loan Guaranty Program and expand access to sustainable homeownership opportunities for veterans.
Please click here to read the Joint Letter.