Fiscal 2012 turned out to be a stellar year for the Department of Veterans Affairs Home Loan Guaranty program with $119.23 billion in total loan volume, thanks largely to surging streamlined VA refinancing as well as conversions from FHA and conventional loans. A total of 539,884 new single-family mortgage loans with a VA guaranty were originated in 2012, up 59.12 percent from the prior fiscal year, according to the latest VA data. VA originations have been trending upward since 2010, when the agency reported $65.05 billion in new originations. Volume was largely driven...