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Politico reported on Tuesday that investigators from the Veterans Administration have been issuing subpoenas to several mortgage lenders "seeking information on delinquencies and payments." The VA has.
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And now, retail mortgage lenders are facing new accusations that they are overcharging veterans on VA loans. But these accusations aren’t coming from the government. Rather, this is some rather nasty.
“Churning can cause a VA borrower to pay an above-market rate for a period of time and additional origination fees on the new.
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VA loans offer military families better interest rates and don’t require mortgage insurance. Compare our picks for best VA mortgage lenders of 2019.
The Mortgage Bankers Association lobbied lawmakers to pass this. The MBA pushed for change, northing that it would give.
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