H.R. 7150 requires the Department of Veterans Affairs to submit quarterly reports to Congress detailing the status of its home loan program for veterans. These reports must include information on the number of new loans issued, denied applications, refinanced loans, and mortgages that are 60 or 90 days overdue, as well as staffing levels at the VA Home Loan Guaranty Service. The bill amends existing veterans' benefits law to add these quarterly reporting requirements on top of the annual reports already required by law. The legislation affects veterans accessing VA housing loans and the congressional committees overseeing the VA's administration of these benefits. No new funding or specific implementation timeline is specified in the bill text.