The Department of Veterans Affairs guaranteed $68.2 billion of single-family loans in the fiscal year that ended Sept. 30, an 80% spike from the preceding year.

Refinancings drove most of the increase, with the agency guaranteeing 144,800 transactions. In the previous fiscal year it backed 37,300 refis.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.