ATLANTA (MyFOX ATLANTA) – A FOX 5 I-Team investigation uncovered allegations of a nationwide scheme by banks and mortgage companies to defraud U.S. military veterans. The scheme, spelled out in court documents, claims banks are overcharging veterans on home refinancing loans.
The I-Team obtained thousands of pages of legal documents and personally examined more than a hundred closing statements belonging to veterans.
According to federal loan records, there have been some 884,000 veteran home loans refinanced during the past eight years.
The question raised in a racketeering and class action law suit is how many of those loans involved banks defrauding U.S. military veterans.
via FOX 5 Special: I-Team VA Loans 110909 | myfoxatlanta.com.
Filed under: Politics
Not only are Veterans being overcharged on mortgages and mortgage refinancing, but regular U.S. Citizens too!.
I believe loans and and other places too are being overcharged. If a person gets a checking account at banks, they are being charged 35.00 dollars if they write a check by mistake and don,t have the funds there to cover it.