VA owes disabled veterans refunds on home loan fees, report says

 · Fox News now reports the Department of Veterans Affairs owes an estimated $189 million to 53,000 disabled veterans.

VA Owes Disabled Veterans Refunds on Home Loan Fees, Report Says. agreed to identify the exempt veterans who paid the fee and issue them refunds. The VBA noted that the financial impact to the veterans was minimal over the life of the loan, the inspector general report says.

Among today’s older debtors are veterans who didn’t repay home loans or didn’t make required medical co-pays and individuals who didn’t repay Medicare overpayments. The average veteran owes $1,000, a.

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VA watchdog report finds veterans are owed refunds for incorrect fees originally appeared on abcnews.go.com For years, disabled veterans were mistakenly charged fees when taking out home loans and the.

The Department of Veterans Affairs owes about $189 million to 53,000 disabled veterans who were charged home loan fees they were exempt from having to pay, an investigation has found. These veterans were charged the fees under the VA’s Home Loan Guaranty Program and now may be entitled to refunds ranging from $5,000 to $20,000, a VA Inspector General audit released Thursday found.

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 · A report recently issued by the Department of veterans affairs’ inspector general found that nearly 53,000 veterans may be eligible to receive $189M in home loan refunds.

VA watchdog report finds veterans are owed refunds for incorrect fees originally appeared on abcnews.go.com. For years, disabled veterans were mistakenly charged fees when taking out home loans and the federal government now owes millions of dollars in refunds, a watchdog report revealed this week.

For any funding fee refund issued on or after July 1, 2019, VA is to pay the refund directly to the Veteran, regardless of the loan balance. Prior to July 1, 2019, a provision in VA Pamphlet 26-7, Chapter 8, Topic 8, directed lenders to apply funding fee refunds to an outstanding loan balance in cases where Veterans had financed the funding fee.

The Department of veterans affairs (va) improperly charged almost 73,000 disabled veterans more than $286 million in home loan fees they didn’t owe, according to a report by the VA Office of the Inspector General (OIG) released Thursday.