VA Home Loan Fraud Uncovered by Investigation Team

1
24

ATLANTA (MyFOX ATLANTA) – A FOX 5 I-Team investigation uncovered allegations of a nationwide scheme by banks and mortgage companies to defraud U.S. military veterans. The scheme, spelled out in court documents, claims banks are overcharging veterans on home refinancing loans.

The I-Team obtained thousands of pages of legal documents and personally examined more than a hundred closing statements belonging to veterans.

According to federal loan records, there have been some 884,000 veteran home loans refinanced during the past eight years.

The question raised in a racketeering and class action law suit is how many of those loans involved banks defrauding U.S. military veterans.

SHARE
Previous articleVA Loan no guarantee to buying a home
Next article“The Ascent of Money: A Financial History of the World” – A Book by Niall Ferguson
Part of the Veterans Today Network (VTN). VTN is a full service media, information, marketing and promotion network managed by dedicated people that serve the U.S. Military Veterans Community With over 2,000,000 plus unique visitors with millions more of page hits per month, our media network is now the largest network for U.S. Veterans in the United States of America. As we continue forward, our people from all over the world work to bring dynamic interactive content, information, services, and products to serve our U.S. Military Veterans market contributing to the greater good of our dynamic community. Created in 2003, the network has each and every year as it gained acceptance in this niche marketplace and now is the largest, brightest and most dynamic in the USA. So click around the links and access our network of U.S. Military and Veterans sites. We stand proud of promoting our network that stands for and supports U.S. Military Veterans.

Comments Closed

Comments are closed.