Make VA ARM Program Permanent
The authority for ARM loans backed by the U.S. Department of Veterans Affairs expires on September 30. The House VA Committee passed legislation, HR 4482, by Rep Jeff Miller (R-Fla.), to make these loans permanent. The bill now moves to the House floor. The National Association of REALTORS® joined with the Mortgage Bankers Association and the National Association of Home Builders in a letter to Congress urging making the loans permanent.