And to me, that should be unlawful. Let me explain what the vast program is for those people that are not on me and Chris's subcommittee. The Veterans Affairs Administration in the previous administration decided to start buying home loans and reducing the interest rate. 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 spent an average of $360,000 per home. (00:45–00:53)
CLAIM
Asserts that the VA started buying home loans and reducing interest rates under the previous administration.
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