Springfield Republican: US Sen. Elizabeth Warren urges federal regulators to crack down on reported aggressive marketing of VA refinance mortgages
By: Shannon Young
Citing complaints American veterans and service members have filed regarding the aggressive and potentially misleading marketing of VA-backed refinance mortgages, U.S. Sen. Elizabeth Warren, D-Massachusetts, called on federal officials Wednesday to investigate and end any such practices.
Warren, in a letter to the heads of Ginnie Mae, the principal financing arm for government loans, raised concerns that companies the entity has approved may be forcefully marketing U.S. Department of Veterans Affairs-backed refinance mortgages that benefit them but hurt veterans and American taxpayers.
Read more on the Springfield Republican website here.