Veterans Deserve Better: Exposing the Costly Truth Behind VA Refinance Tactics
Season 2025, Episode 130, Oct 30, 07:57 PM
Share
Subscribe
People Are Getting Hosed — VA Refi Receipts (Light)
A concise, source-backed outline for your live show • Updated Oct 30, 2025
What’s Been Happening (2023–2025)
CFPB orders NewDay USA to pay $2.25M
Federal consent order alleges misleading cost comparisons on cash‑out refis to servicemembers and veterans. Enforcement
CFPB • Aug 29, 2024
Newsroom
Consent Order (PDF)
Case Docket
Servicers’ pressure on survivors
Report details pressure tactics, inaccurate info, and delays for bereaved families with VA‑backed loans.
MOAA • Jan 17, 2025
Open Source
VA: Pause foreclosures on VA loans
VA called on mortgage servicers to pause foreclosures through May 31, 2024 — pushback to curb harm.
VA Newsroom • Nov 17, 2023
Open Source
VA seeks extended moratorium
Requested extending the veteran foreclosure moratorium through Dec 31, 2024.
VA Newsroom • May 29, 2024
Open Source
CFPB relief for veterans harmed by schemes
$6M in relief tied to illegal lending schemes targeting veteran benefits — signals regulatory focus on veteran predation.
CFPB • Jan 2, 2024
Open Source
MSCI: High speeds in Ginnie Mae VA loans
Investor-side analysis flagged extraordinary prepayment speeds — a market clue of aggressive refi activity.
MSCI Blog • May 24, 2024
Open Source
Ginnie Mae: recent prepayment activity
Agency note: VA cohorts led a recent uptick; overall CPR still below pre‑pandemic — use for nuance.
Ginnie Mae • Jun 6, 2024
Open Source
CFPB Consumer Response (2024)
Mortgage-related consumer complaints remain significant; use to frame trends.
CFPB • Published May 1, 2025
Overview
Full Report (PDF)
BBB: high‑pressure & trigger‑lead complaints
Consumer allegations referencing rapid-fire calls and “too-good-to-be-true” VA refi offers (use as allegations, not findings).
BBB • Ongoing
Example complaints
Company profile
VA IRRRL — official rules
Legitimate streamline path; costs can be financed or traded for a higher rate — decode “no‑cost” claims.
VA.gov • Updated 2025
VA.gov
Benefits (alt)
MarketWatch: VASP wind‑down risk
As VASP winds down, tens of thousands of veterans may be closer to foreclosure — stakes and urgency.
MarketWatch • May 2025
Open Source
Reuters: Kickbacks & steering case
CFPB accuses Rocket Homes & partner of illegal referral scheme — not VA‑specific, but shows current enforcement climate on steering.
Reuters • Dec 23, 2024
Open Source
Talking Points (use these on-air)
What’s Been Happening (2023–2025)
CFPB orders NewDay USA to pay $2.25M
Federal consent order alleges misleading cost comparisons on cash‑out refis to servicemembers and veterans. Enforcement
CFPB • Aug 29, 2024
Newsroom
Consent Order (PDF)
Case Docket
Servicers’ pressure on survivors
Report details pressure tactics, inaccurate info, and delays for bereaved families with VA‑backed loans.
MOAA • Jan 17, 2025
Open Source
VA: Pause foreclosures on VA loans
VA called on mortgage servicers to pause foreclosures through May 31, 2024 — pushback to curb harm.
VA Newsroom • Nov 17, 2023
Open Source
VA seeks extended moratorium
Requested extending the veteran foreclosure moratorium through Dec 31, 2024.
VA Newsroom • May 29, 2024
Open Source
CFPB relief for veterans harmed by schemes
$6M in relief tied to illegal lending schemes targeting veteran benefits — signals regulatory focus on veteran predation.
CFPB • Jan 2, 2024
Open Source
MSCI: High speeds in Ginnie Mae VA loans
Investor-side analysis flagged extraordinary prepayment speeds — a market clue of aggressive refi activity.
MSCI Blog • May 24, 2024
Open Source
Ginnie Mae: recent prepayment activity
Agency note: VA cohorts led a recent uptick; overall CPR still below pre‑pandemic — use for nuance.
Ginnie Mae • Jun 6, 2024
Open Source
CFPB Consumer Response (2024)
Mortgage-related consumer complaints remain significant; use to frame trends.
CFPB • Published May 1, 2025
Overview
Full Report (PDF)
BBB: high‑pressure & trigger‑lead complaints
Consumer allegations referencing rapid-fire calls and “too-good-to-be-true” VA refi offers (use as allegations, not findings).
BBB • Ongoing
Example complaints
Company profile
VA IRRRL — official rules
Legitimate streamline path; costs can be financed or traded for a higher rate — decode “no‑cost” claims.
VA.gov • Updated 2025
VA.gov
Benefits (alt)
MarketWatch: VASP wind‑down risk
As VASP winds down, tens of thousands of veterans may be closer to foreclosure — stakes and urgency.
MarketWatch • May 2025
Open Source
Reuters: Kickbacks & steering case
CFPB accuses Rocket Homes & partner of illegal referral scheme — not VA‑specific, but shows current enforcement climate on steering.
Reuters • Dec 23, 2024
Open Source
Talking Points (use these on-air)
- Misleading “savings” claims: Show NewDay consent order. Translate how “no‑cost” often means “financed costs” or a higher rate.
- Refi churn math: Explain payment reset, added fees to balance, and erosion of equity; cite investor prepayment data.
- High‑pressure tactics: Trigger‑lead calls, mailers, and scripted urgency; emphasize opt‑out and comparison shopping.
- Servicing pain points: Survivors report pressure/delays; stress VA escalation paths and patience with documentation.
- Guardrails for vets: IRRRL mechanics, itemized fees, true break‑even, and avoiding back‑to‑back refis unless math wins.
- Regulatory posture: VA foreclosure pauses, VASP, and ongoing CFPB enforcement show the government is watching.
- Call to action: Offer to do a plain‑English, side‑by‑side quote; invite viewers to send statements for a fee audit.
Links & CTAs (edit these)
RateWatch 2.0
Add your RateWatch sign‑up URL
Schedule Consultation
Open scheduling link
Apply Now
Add your application URL
SmartCredit (affiliate)
SmartCredit signup
Credit Karma (affiliate)
Free credit score
The Budget App (referral)
Budget App link
YouTube — The Rate Update
Add your channel URL
Website
therateupdate.com
Light version • All external links open in a new tab • Replace placeholder CTAs with your URLs • © 2025 The Rate Update
RateWatch 2.0
Add your RateWatch sign‑up URL
Schedule Consultation
Open scheduling link
Apply Now
Add your application URL
SmartCredit (affiliate)
SmartCredit signup
Credit Karma (affiliate)
Free credit score
The Budget App (referral)
Budget App link
YouTube — The Rate Update
Add your channel URL
Website
therateupdate.com
Light version • All external links open in a new tab • Replace placeholder CTAs with your URLs • © 2025 The Rate Update