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Derrick Van Orden: “We understand that some express concerns that VASP will…”

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

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Rep. Van Orden Questions John Bell About VA's Home Loan Program at Economic Opportunity Sub Hearing

Published | Video Starts at 02:01

So you interpret these to allow you to potentially make the American public responsible for being billions of dollars in debt, does that? Yes, sir. Okay, well we're going to talk about that in detail later because you're wrong. We understand that some express concerns that VASP will target an interest rate of 2 1/2% and most veteran borrowers have an interest rate exceeding 3%. And many more recently because of this cloud the of inflation are significantly higher. Are you concerned that the borrowers will intentionally default in order to receive a lower payment? (02:01–02:20)

CLAIM

Asserts concerns about VASP targeting lower interest rates than most veteran borrowers currently have.

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