Bill Edwards, president of shuttered VA loan provider, cites regulations that are refi Mar-a-Lago occasion
There’s a second undercover video clip of President Donald Trump at a personal occasion with Lev Parnas and Igor Fruman, and area of the conversation centers around mortgages backed by the Department of Veterans Affairs.
The recording that is new in your thoughts the famous statement by previous FBI Chairman James Comey during testimony into the U.S. Senate in 2017: “Lordy, i am hoping you will find tapes! ”
Bill Edwards, the previous president of Mortgage Investors Corp., or MIC, the now-defunct loan provider that when had been the greatest originators of VA loans, reported to Trump from the video about brand new laws targeted at preventing loan churning that is so-called.
Churning is when loan providers encourage regular refinances, using the charges rolled to the loan’s principal and paid down with interest on the full life for the home loan. Continue reading “Lordy, there is a tape of Trump VA loan that is discussing legislation”