Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Bipartisan Bill Introduced to Deal With VA’s Vexing Churning Problem
Looking to read the full article? Register for free access to IMFnews content today!

Bipartisan Bill Introduced to Deal With VA’s Vexing Churning Problem

January 12, 2018
Senate lawmakers this week introduced bipartisan legislation to protect veterans and servicemembers from predatory refinancing schemes. Introduced by Sens. Tom Tillis, R-NC, and Elizabeth Warren, D-MA, the bill would require lenders offering streamline or cash-out refinancing to demonstrate a material benefit to veterans with a VA loan. The Protecting Veterans from Predatory Lending Act reflects measures Jeffrey London, director of VA’s Loan Guaranty Service, talked about when he testified during a hearing on loan churning before the House Veterans Affairs Subcommittee on Economic Opportunity (See next story.) Prior to submitting a refi loan for a VA guarantee, a lender would be required to certify that all fees associated with the transaction would be recouped by the veteran through lower monthly payments within 36 months. Such fees would include closing costs and any expenses other than ...
News Inside Mortgage Finance Inside Mortgage Trends Inside FHA/VA Lending Government-Insured Lending Legislation Originations Profitability Ginnie Mae Issuance Government-Insured Originations Programs & Policies Ginnie Mae
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • MBA Seeks Credit Score Threshold for Tri-Merge at GSEs

  • REITs Add to Agency MBS Holdings in Third Quarter

  • Fannie Looks to Have Walked Back Net Worth Proposal

  • Mutual of Omaha to Issue Securitization With Proprietary Reverse Mortgages

More Imf News

Featured Data

  • Non-Agency Jumbo Originations Slow in Third Quarter

  • Jumbo Servicing Volume Slightly Down in Third Quarter

  • Refis Lift Agency MBS to Three-Year High in November

  • Broker Channel Regains Some Share in Third Quarter

More Featured Data

Featured Reports

  • Lender Profiles 2Q25: Top 25 (PDF)

  • GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

  • Mortgage Profitability Report 2Q25 (PDF)

  • IMF HMDA Dashboard: 2024

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2025 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing