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Wells Fargo (WFC) Settles Decade-Long Lawsuit on VA Loans

Filed in 2006, the lawsuit claimed that some Veterans Administration (VA) Interest Rate Reduction Refinance Loans (IRRRLs) originated by Wells Fargo should not have been eligible for VA guarantees on account of the fees charged to the borrowers. read more

BRIEF-Wells Fargo settles 2006 lawsuit related to VA loans

* To settle lawsuit that claimed some VA interest rate reduction refinance loans originated by co should not have been eligible for VA guarantees Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. read more

VA Interest Rate Reduction Refinance Loan

This post was contributed by a community member. A VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your interest rate by refinancing your existing VA home loan. It must be a VA to VA refinance, and it will reuse the entitlement you originally used. read more

Feedback on VA Interest Rate Reduction Loans; HUD Career Opportunities; Fewer Free Checking Accounts

When selling loans into ... find the VA IRRL programs with no appraisals captive to the existing investor's borrowers. The investor already has the risk, so at that point it becomes smart for them to better the borrower with a lower rate." read more

As Veterans Day approaches we need to protect veterans from predatory home loan deals

The biggest target by churners is a widely used loan called the VA Interest Rate Reduction Refinance Loan (IRRRL). At my Veteran’s mortgage lending company, we have long established lending practices that can become an industry standard to greatly reduce ... read more

Sallie Mae cuts interest rates on student loans

which is the interest rate that banks charge each other for loans. The new lowest available rate will be LIBOR plus 2 percent, which reflects a half percent rate reduction. It's worth noting that benchmark interest rates, such as LIBOR, are at historic ... read more

They call veterans offering low rates, fine print. VA targets home loan ‘churning’

Phone calls can begin only a day after veterans close on VA-guaranteed ... even lower interest rate, or a better strategy for refinancing, that will cut mortgage payments even more. The practice is called serial refinancing, or home loan churning, and ... read more

Cyber Certification and Compliance Products; FHA and VA Updates

Those recommendations include: End loan origination fees charged on the VA Interest Rate Reduction Refinance Loan program (IRRRL). These unnecessary fees represent a substantial cost – thousands of additional dollars - to veteran families. Only allow ... read more

Wells Fargo & Co (WFC) Settles Decade-Long Lawsuit on VA Loans

Filed in 2006, the lawsuit claimed that some Veterans Administration (VA) Interest Rate Reduction Refinance Loans (IRRRLs) originated by Wells Fargo should not have been eligible for VA guarantees on account of the fees charged to the borrowers. read more

Veterans can come home to homeownership

Millions of veterans may also be missing out on one of the most important benefits of the VA loan program: VA Interest Rate Reduction Refinance Loans, also known as VA Streamline Refinance or IRRRL. This VA-to-VA refinance loan is easy to apply for ... read more