,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #hecb  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bg1 #bjbf,mr4
 ,van ,orden 7for himself1 ,mr4 ,bost1  
,mr4 ,barrett1 ,mrs4 ,kiggans of        
,virginia1 and ,mr4 ,ciscomani7         
introduced the following bill2 which was
 referred to the ,committee on          
,veterans' ,affairs  ,a ,,bill  ,to     
amend title #ch1 ,united ,states ,code1 
to align elements of the housing loan   
program of the ,department of ,veterans 
,affairs with requirements of the       
,federal ,housing ,administration1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,,va     
,home ,loan ,affordability ,act4  #b4   
,alignment of housing loan program of   
the ,department of ,veterans ,affairs   
with requirements of the ,federal       
,housing ,administration  7a7           
,prohibition of requirement of third    
party verification of lender fees       
,section #cgjc7;a77#b77;,b7 of title    
#ch1 ,united ,states ,code1 is amended--

  7#a7 by inserting in regulations after
 ,secretary may prescribe2 and  7#b7 by 
adding at the end the following3 ,in    
prescribing such regulations regarding  
fees paid by a veteran borrower to      
lender1 the ,secretary may not require  
documentation of such fees by a third   
party4  7b7 ,refinancing of housing     
loans  7#a7 ,authority to waive         
appraisal ,section #cgji7;a7 of title   
#ch1 ,united ,states ,code1 is amended--
  7,a7 by redesignating paragraphs 7#a7 
through 7#c7 as subparagraphs 7,a7      
through 7,c71 respectively2  7,b7 by    
inserting 7#a7 before ,except2 and  7,c7
 by adding at the end the following new 
paragraph3  7#b7 ,the ,secretary may    
authorize the refinancing of a loan     
described in paragraph 7#a7 without an  
appraisal4  4  7#b7 ,minimum interest   
rate for adjustable rate mortgage       
,section #cgji7;b77#c7 of title #ch1    
,united ,states ,code1 is amended by    
striking #bjj basis points and inserting
 #ge basis points4  7c7 ,expansion of   

guaranteed loans for condominiums       
,section #cgaj7;a77#f7 of title #ch1    
,united ,states ,code1 is amended1 in   
subsection 7a77#f71 by striking 1 if    
such development or project is approved 
by the ,secretary under criteria which  
the ,secretary shall prescribe in       
regulations4  7d7 ,maximum closing costs
 and seller fees for guaranteed loans   
,section #cgaj7;b7 of title #ch1 ,united
 ,states ,code1 is amended-- 7#a7 in    
paragraph 7#g77;,c77ii71 by striking 2  
and and inserting a semicolon2  7#b7 in 
paragraph 7#h71 by striking the period  
at the end and inserting a semicolon2   
and  7#c7 by adding at the end the      
following new paragraphs3  7#i7 the     
closing costs actually paid by the      
veteran do not exceed #a4e percent of   
the amount of the loan2 and  7#aj7 the  
seller fees actually paid by the veteran
 do not exceed six percent of the       
outstanding balance of the loan4  4  7e7
  ,regular prescription of              
debt-to-,income ratios  ,section        

#cgaj7;g77#c77;,a71 of title #ch1       
,united ,states ,code1 is amended by    
inserting 1 reviewed and prescribed not 
less than once every two years1 after   
debt-to-income ratios4  7f7 ,minimum    
experience of an appraiser required     
,section #cgca7;a77#a7 of title #ch1    
,united ,states ,code1 is amended by    
striking certification of an appropriate
 number of years and inserting a        
certificate or license issued by a      
,state4  7g7 ,review of appraisal       
minimum property requirements ,not later
 than #ij days after the date of the    
enactment of this ,act1 the ,secretary  
of ,veterans ,affairs shall--  7#a7     
review regulations prescribed under     
section #cgaj7;b77#d7 of title #ch1     
,united ,states ,code1 regarding the    
suitability of property2 and  7#b7      
prescribe new such regulations that the 
,secretary determines appropriate4  7h7 
,plan ,to modernize ,,it for housing    
loans  ,not later than #ahj days after  
the date of the enactment of this ,act1 

the ,secretary of ,veterans ,affairs    
shall submit to the ,committees on      
,veterans ,affairs of the ,senate and   
,house of ,representatives the plan of  
the ,secretary to modernize the         
information technology used to          
administer housing loans under chapter  
#cg of title #ch1 ,united ,states ,code4