To amend title 38, United States Code, with respect to veterans programs for housing and memorial affairs, and for other purposes.

[AI summary unavailable — showing source text] Amends Federal veterans' benefits provisions to provide that, after FY 1990, the limitation on the number of homes purchased by the Secretary of Veterans Affairs for which loan guaranty defaults occurred which may be financed by a loan made by the Secretary shall cease to have effect. Provides that, as of October 1, 1990, the Secretary may sell any note evidencing such a loan with or without recourse if the amount received is not less than the unpaid balance of such loan. Prohibits the Secretary from selling any note evidencing a loan for which the Guaranty and Indemnity Fund is available before October 1, 1993. Repeals the current December 31, 1990, termination date of such property management provisions. Extends through December 31, 1991, current provisions relating to default procedures and the procedure for real estate appraisals to be followed by the Secretary. Directs the Secretary, at the request of the Secretary of Housing and Urban Development (HUD), to certify whether an applicant for assistance under laws administered by HUD is a veteran. Provides that an applicant for a loan made, guaranteed, or insured by the Department of Veterans Affairs shall not be subject to repor…