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Derrick Van Orden: “It sounds like this great altruistic program and it's not.”

Featuring: Derrick Van Orden, Republican | U.S. House, Wisconsin, District 3

Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing

Published March 11, 2025 | Video Starts at 12:27

Loan to make money off of, but you got the money because the loans paid. I was. I was paid by our losses. That's my point. Suffer from each loan. That leaves. My point is this. It sounds like this great altruistic program and it's not. And if I was a mortgage broker and I just had a mortgage broker hat on and be like, let's keep this going. Let's. Let's keep it rolling. (12:27–12:31)

CLAIM

Asserts that the program is not as beneficial as it appears.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Derrick Van Orden

“This is not a bipartisan committee. This is a nonpartisan committee.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 00:06-00:12
“My first bill will modernize the requirements for VET success on campus officers or VSOCs and allow employees to have a minimum of a…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 00:52-01:06
“Restoring the VA Home Loan Program in perpetuity Act... would limit the number of direct loans VA is authorized to purchase back to what the…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 01:28-01:29
“If the Biden version of VASP was allowed to continue, I fear that the home loan will not exist in the future for my fellow veterans.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 01:52-02:03
“My final bill would provide an option for the waterfall for veterans going through the loss mitigation by establishing a partial claim…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 02:09-02:17
“This program would bring VA Home Loan the VA Home Loan program on par with other programs such as FHA, Fannie Mae and Freddie Mac.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 02:16-02:25
“Many of you have heard my express my concerns and frustration with the idea of VA taking responsibility for as many 60,000 mortgages that…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 02:24-02:37
“The Doge office didn't tell you guys who to release. You guys made that decision, and I don't think it was done well.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 05:10-05:17
“There is a way if any member of this committee or any of your constituents... feel that there's someone that's been released from the…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 05:34-05:47
“This truly is a nightmare.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 05:53-05:56
“Everyone can clearly identify, including the Supreme Court of the United States, who said that President Biden did not have the legal…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 13:07-13:17
“In the history of when someone lent someone some seashells to buy a cave, there was never a VASP program.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 15:22-15:31