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VA promises action to protect veterans from predatory lenders

from 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. Members of the House Committee on Veterans' Affairs 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. more

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