A no-down payment loan program has quietly become the mortgage industry leader when it comes for foreclosure avoidance. For most of the last five years VA loans have maintained the lowest foreclosure rate of any major loan product, besting even prime loans. In the same span, the VA has helped nearly 300,000 military homeowners avoid foreclosure, mostly through supplemental servicing and encouraging lenders to explore viable alternatives.

Earlier this month, President Obama signed a new bill into law with the intent of making much-needed changes to the VA Home Guaranty Program, as well as providing healthcare to the hundreds of thousands of Marines and Marine families that drank contaminated water at Camp Lejeune North Carolina the Honoring America's Veterans and Caring for Camp Lejeune Families Act. The bill also makes breakthrough changes that provide much needed reform to the VA Loan program, a program that has been in service since 1944.