Veterans United Home Loans ordered to pay $1.1 million for overcharging on VA loans

Mortgage Research Center, which does business as Veterans United Home Loans and VAMortgage Center, will pay more than $1.1 million to settle allegations that the lender overcharged on loans primarily insured by the Department of Veterans Affairs. As part of the settlement, Veterans United will pay approximately $604,000 in restitution to the affected borrowers, many of whom are military veterans, plus a $500,000 penalty to the state of New York.

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