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VA promises action to protect veterans from predatory lenders
1/10/2018

STARS AND STRIPES --- The Department of Veterans Affairs will soon propose rule changes to its home loan guarantee program that aim to stop lenders from aggressively targeting and pressuring veterans to refinance their home loans, a VA official told congressmen Wednesday.

Members of the House Committee on Veterans' Affairs on Wednesday discussed the problem of some mortgage firms attempting to coerce veterans who use the VA home loan program into unnecessarily refinancing their loans, racking up fees and lengthening their debt repayment.

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VA promises action to protect veterans from predatory lenders