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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

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, I'd be like, let's keep this going. Let's. Let's keep it rolling. (12:27–12:31)

CLAIM

Asserts that the program in question is not as altruistic 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

“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 | 02:24-02:43
“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 | 00:53-01:06
“Another bill that I have is restoring the VA Home Loan Program in perpetuity Act.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 01:11-01:18
“This legislation would limit the number of direct loans VA is authorized to purchase back to what the VA had traditionally done before the…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 01:17-01:29
“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 | 01:52-02:04
“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
“15,117 [are utilizing the VAS program right now].”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 06:07-06:09
“It was $292,000 and it's actually $321,000.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 06:45-06:52
“HR 1815 gives the Veterans Affairs Administration crystal clear authority for this partial claim thing.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 08:02-08:08
“The Veterans Affairs Administration is going to buy Mr. Peter's loan, make you whole for the Delta between the interest rate agreed to and…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 11:13-11:23
“The VA doesn't know how to administer loans, so they hire somebody else out, probably the same people they were administering the loan to…”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 11:27-11:34
“Everyone can clearly identify, including the Supreme Court of the United States, which 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 | 13:07-13:19
“There's several bills in here that are awesome. There's a couple that need some work on it.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 14:30-14:35
“I also understand that something is broken.”
Rep. Derrick Van Orden Chairs Veterans Affairs Economic Opportunity Subcommittee Legislative Hearing | Uploaded March 11, 2025 | 15:20-15:23