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Veterans United Residence Loans ordered to pay for $1.1 million for overcharging on VA loans

Veterans United Residence Loans ordered to pay for $1.1 million for overcharging on VA loans

NYDFS investigation discovered business failed to refund lender credits properly

Mortgage Research Center, which does company as Veterans United mortgages and VAMortgage Center, can pay a lot more than $1.1 million to stay allegations that the lender overcharged on loans mainly insured by the Department of Veterans Affairs.

The newest York Department of Financial Services announced the settlement this week

Saying that the division research discovered that Veterans United didn’t reimbursement surplus “lender credits” on at the least 322 loans from 2010 through June 2014 january. Continue reading Veterans United Residence Loans ordered to pay for $1.1 million for overcharging on VA loans