MBANow: MBA Chairman on Need for Improved Policing of VA Loan ‘Churning’
In This Section
January 12, 2018
Dave Motley, CMB, Chairman of MBA, recently testified before the House of Representative Committee on Veterans’ Affairs Subcommittee on Economy Opportunity saying lenders who engage in serial refinancing ("churning") of Veterans Affairs loans run counter to sound lending practices and expressed support for measures that result in stronger policing of such practices. In this short MBANow interview, he recaps his testimony and offers thoughts on how the problem should be addressed.