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Derrick Van Orden: “The Veterans Affairs Administration is going to buy Mr…”

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

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

Published | Video Starts at 11:13

No one does anything for free, ma'. Am. True. No one services loans for free, trust me. But no, I do not. I'm not privy to the terms of their. 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 the interest rate it's going to be at now. And 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 begin with. So. No. And. (11:13–11:23)

CLAIM

Asserts that the VA will cover the difference in interest rates when buying Mr. Peter's loan.

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