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View Diary: How Low Can They Go? Banks Accused Of Defrauding Veterans for Half A Billion. (76 comments)

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  •  Certain fees are not allowed on VA loans (3+ / 0-)
    Recommended by:
    DontTaseMeBro, jpmassar, kurt

    Because of the way the government structures that program.  If you want to be a VA lender you have to abide by the list of fees you are not allowed to charge.  If you do participate as a VA lender and charge fees that you're not allowed to charge on a VA loan, that is illegal.

    They might be perfectly legal fees on another type of loan program, just not the VA.  So it's not really the fee that is illegal it is that they charged them and hid it in their other fees.

    You hear about crazy, but it's rarer than you think. -Jon Stewart 1/10/2011

    by lcork on Wed Oct 05, 2011 at 07:54:04 PM PDT

    [ Parent ]

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