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Almost six years have passed since the issue was brought to the attention of senior leadership. Just prior to publication, Kare 11 received word from VA that the agency intends to act on the report.
I can assure you any failure of the agency to address this VA Home Loan scandal coming into the election will not look good for the Trump Administration.
VA’s Curt Cashour issued a press release with the following excerpt:“A major issue under review is how VA credits borrowers who, after loan closing, were awarded disability compensation with retroactive effective dates.
This report details the circumstances surrounding what caused this to happen, suggests options to ensure this does not happen in the future.Sometimes the loan is waived based on a veteran’s disability rating.Here, veterans whose disability claim is pending when the loan fee is billed should receive a refund if the date of entitlement is before the loan’s closing date.A special investigation by my friends at Kare 11 exposed an internal report leaked by whistleblowers at St. That report shows VA conducted its own audit five years ago concluding the agency was wrongfully withholding 0 million from certain veterans.
The crux of the problem lies with the VA funding fee charged to borrowers, usually a few thousand dollars per loan.We were in Bangkok trying to find a boat cruise to take us up and down the Chao Phraya River.