Fifteen named plaintiffs allege that Veterans United Home Loans — the nation’s largest VA mortgage lender — ran an illegal kickback and steering scheme that funneled borrowers into overpriced loans.
Legislation moving through Congress would increase fees on U.S. Department of Veterans Affairs loans, creating a new flashpoint for the mortgage industry.
The U.S. House of Representatives on Thursday passed a bill that increases benefits for veterans and their surviving families, offsetting the cost by raising fees on VA refinance transactions.