REPORT ON IMPACT OF MORTGAGE FORECLOSURES ON VETERANS.

SEC. 502. REPORT ON IMPACT OF MORTGAGE FORECLOSURES ON VETERANS.(a) Report Required.—Not later than December 31, 2009, the Secretary of Veterans Affairs shall submit to the Committee on Veterans’ Affairs of the Senate and the Committee on Veterans’ Affairs of the House of Representatives a report on the effects of mortgage foreclosures on veterans.(b) Elements.—The report required by subsection (a) shall include the following:(1) A general assessment of the income of veterans who have recently separated from the Armed Forces.122 STAT. 4176(2) An assessment of the effects of any lag or delay in the adjudication by the Secretary of claims of veterans for disability compensation on the capacity of veterans to maintain adequate or suitable housing.(3) A description of the extent to which the provisions of the Servicemembers Civil Relief Act (50 U.S.C. App. 501 et seq.) protect veterans from mortgage foreclosure, and an assessment of the adequacy of such protections.(4) A description and assessment of the adequacy of the home loan guaranty programs of the Department of Veterans Affairs, including the authorities of such programs and the assistance provided individuals in the utilization of such programs, in preventing foreclosure for veterans recently separated from the Armed Forces, and for members of the Armed Forces, who have home loans guaranteed by the Secretary.