VA refunded $400 million to more than 50,000 veterans mistakenly charged home loan fees

VA refunded $400 million to more than 50,000 veterans mistakenly charged home loan fees

by Neil Fotre
Stars and Stripes

WASHINGTON — More than 50,000 veterans mistakenly charged additional fees when seeking a home loan through the Department of Veterans Affairs have received refunds totaling more than $400 million, VA officials announced Tuesday.

The refunds come in the wake of a report this year from the VA’s inspector general that found tens of thousands of veterans were improperly charged extra costs while they were applying for VA home loans. The report found at least 53,000 disabled veterans were mistakenly charged fees that they should have been exempt from paying.

VA officials said they reviewed more than 130,000 cases during the summer looking for errors. Most of the errors involved clerical mistakes or disability rating discrepancies after the veterans had settled on their loans.

Read more at: https://www.stripes.com/1.602393

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