Did the VA home loan program rip you off too?

KARE 11 Investigates: Whistleblowers say veterans are owed millions

Author: A.J. Lagoe and Steve Eckert May 15, 2019

“This report demonstrates that VA inappropriately collected approximately $150,901,534 on 47,588 loans since 2006.”

Top VA officials failed to alert veterans nationwide about more than $150 million in refunds due on their VA home loans.

ST PAUL, Minn — Thousands of disabled veterans nationwide are due millions of dollars in refunds on VA backed home loans, according to internal Department of Veterans Affairs records obtained by KARE 11.

Despite internal warnings dating back to 2014, VA whistleblowers tell KARE 11 that top officials failed to alert veterans about refunds they are owed.

“It’s not right,” one VA whistleblower told KARE 11. “These people are owed money and they don’t even know it.”

KARE 11 agreed not to disclose the identities of the whistleblowers because they were not authorized to comment publicly about the internal VA documents KARE 11 obtained.

The nationwide problem was detailed in an internal 2014 report labeled “Funding Fee Payment Analysis” summarizing research done by employees at the VA’s Regional Loan Center in St. Paul.
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