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VA owes disabled veterans refunds on home loan fees, report says

VA Inspector General says top VA officials repeatedly failed to refund improper loan fees to disabled veterans. Skip navigation Sign in.. Veterans owed millions in refunds on VA home loans.

Lawmakers are seeking a schedule of repayments to disabled veterans who were erroneously charged by the VA.. More Stories. home loans. VA owes disabled veterans refunds on home loan fees, report says June 6, 2019 3:21 pm home loans. New Local Nonprofit Promotes Veteran Home Ownership.

The former pays more. Both benefits generally last 36 months. Federal regulations cap veterans’ education benefits at 48.

They suggested that the VA run a monthly report to ensure that all veterans who received a retroactive disability rating also received the funding fee refund. The report estimated that compensating.

Veterans across the county who were owed home loan refunds weren’t always getting them, according to an analysis of funding fees done by employees at the VA’s St. Paul Regional Loan Center.

The Department of Veterans affairs (va) improperly charged almost 73,000 disabled veterans more than $286 million in home loan fees they didn’t owe, according to a report by the VA Office of the.

More than 50,000 disabled veterans could be owed as much as $190 million in refunds from the Department of Veterans Affairs for home loan fees they were wrongly charged or no longer owe, an investigation has found. Senior leaders knew about the problem for years but didn’t ensure veterans received what they are due, the [.]

VA owes disabled veterans refunds on home loan fees, report says. the fee and to issue them refunds. The VBA noted that the financial impact on the veterans was minimal over the life of the.

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The VA announced last month that it was notifying veterans when they buy homes through the Home Loan program that they are exempt from the fees if they are disabled or later determined to be.

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The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, according to the Department of Veterans Affairs’ inspector general. When veterans take out a mortgage, they pay a funding fee to the lender that usually costs several thousand dollars.

The Department of Veterans Affairs issued more than $280 million in excessive fess between 2012 and 2017, and took no action despite knowing that veterans were owed refunds, the VA Inspector General report found.