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Department of Veterans Affairs

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Battle erupts over allegations that retail lenders are overcharging veterans for mortgages 

Mar 28, 2019By

For approximately 18 months, HUD, Ginnie Mae, and the VA have been looking into whether certain lenders are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. 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 mortgage industry in-fighting.

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