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The former owner of a California foreclosure rescue firm admitted in court last week to stealing. and Anabo used straw buyers to defraud financial institutions out of millions of dollars in loans.
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The DOJ also argues that the “enormous investment” authorized by Congress to rescue the GSEs advanced a government interest. with $49.4 million allocated to VA loan origination claims.  31 U.S.C.
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VA loans now make up about 10 percent of the mortgage market, a huge increase in market share from even just a decade ago. VA loans allow qualified Veterans to buy with no money down, no private mortgage insurance and offer more flexible and forgiving credit guidelines.