AIME Accuses Quicken Loans Of Screwing Veterans On VA Loans

AIME Accuses Quicken Loans And Other Major Retail Lenders Of Scamming Veterans On VA Loans

AIME
The mortgage trade group AIME is claiming that Quicken Loans and other lenders are taking advantage of VA borrowers. Association of Independent Mortgage Experts CEO Anthony Casa alleges lenders are overcharging them for their mortgages. and overcharging them for their mortgages.
HUD, Ginnie Mae, and the VA are investigating lenders. The government is investigating the lenders for targeting service members and veterans for quick and potentially risky refinance deals.
The investigation has led to some lenders being booted from Ginnie Mae’s primary mortgage securities platforms. In addition, some lenders are also being restricted for questionable conduct.
Casa accuses lenders of charging veterans as much as 20% higher for a mortgage in a lengthy post on LinkedIn
The AIME CEO also names the culprits. Casa accuses Quicken Loans, Movement Mortgage, loanDepot, and Fairway Independent Mortgage all charge much higher interest rates to veterans.

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