So if it was at 7.5%, the VA would buy the loan from a lending institution, lower the interest rate to 2.5%, and they spend an average of $360,000 per home. They did this up to the tune of $17 billion. The amount of money the average veteran was in arrears was $25,000. So it was a $25,000 problem that was solved with a $360,000 solution. And that's how the previous administration ran the VA. And, Doug, excuse me. (01:02–01:07)
CLAIM
Asserts that the average veteran was $25,000 in arrears.
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