Discover video-sourced quotes by politicians

Derrick Van Orden: “The VA had to contract back with the institutions they just…”

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

'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill

Published May 21, 2026 | Video Starts at 01:12

Under the previous administration, the VA bought the loans from a lending institution, lowered the interest rate to 2.5%. The rest of the American public paid for that because the lending institution was made whole. Then The VA had to contract back with the institutions they just bought the loan from to service the loan. because they didn't know how to do it. That's why that program went away. It would have tanked the entire VA home loan guarantee. (01:12–01:19)

CLAIM

Asserts that the VA contracted with original lenders to service loans they purchased.

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.

Discover more from

Derrick Van Orden

“Unelected bureaucrats under the Biden administration decided to start buying loans from lending institutions without authorization.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 00:32-00:40
“The VA loan program was projected to cost $16 to $20 billion.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 00:58-01:12
“Under the previous administration, the VA bought loans, lowered the interest rate to 2.5%.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 00:58-01:12
“The vast program would have destroyed [the VA home loan guarantee program].”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:32-01:34
“I corrected the problem with the partial claim bill.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:35-01:39
“The partial claim bill will be implemented next month on the 15th.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:50-01:54
“There were veterans that lost their homes during this period of time.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:54-01:58
“The offset for this on average will cost $8 a month for a second home loan or refinance.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 02:32-02:41