i have a va loan and i've seen the refinance practices employed by some in the industry. veterans united is a full-service lender and we make loans in all 50 states and the district of columbia. our primary mission is helping veterans, service members and their families achieve the american dream of home ownership. we've been the nation's number one va purchase lender in the past two years closing more than 37,000 purchase loans in 2017. veterans united now represents approximately one out of every seven va purchase loans made in the country. if i can impress one thing upon you today is that the va loan is not like other mortgages. it differs from fha loans and all other programs because it's an earned service benefit to our veterans and active duty personnel and surviving spouses. it's part of a deep bond between those who serve and the nation these veterans pledge to defend. as we work to find solutions to the issues discussed here today, i implore the committee to examine whether or not particular solutions may result in fewer earned benefits for veterans. the va loan p

before the mortgage crisis the va loan was a little-used puck, but due to unique underwriting, va loans were the only shining light through the mortgage crisis performing better than any other program. today vshg a loans represent 10% of the mortgage market. the program features the lowest interest rates for more than three years among with the lowest foreclosure rates for about ten years. in particular, the earl program has helped hundreds of thousands of veterans save money in the monthly mortgage payments. unfortunately, as members of the panel have stated before, some earls fail to live up to the spirit and intent of this program. the idea behind the earl is to put veterans in a better financial position today than they were yesterday. we are here today to discuss improvements to this program that will ensure that spirit is carried out in every erl. from first-hand experience i can tell you that as soon as a loan is made, serial companies are aggressively contacting veterans and their families with misleading offers. many of the companies don't care if it will take the veteran a dec

the va loan program stands out as a true success story. before the mortgage crisis, the loan was a little used product but due to the unique underwrite the loans were the only shining light through the mortgage crisis performing better than any other program. today the loans represent about 10% of the mortgage market and featured the lowest interest rates for more than three years alone with the foreclosure rates about ten years. in particular, the program has helped hundreds of thousands of veterans save money on their monthly mortgage payment. unfortunately, members of the panel stated before some field to live up to the intent of the program. the idea is to put veterans in a better financial position today than they were yesterday. we are here today to discuss improvements on the program to ensure it's carried out from first-hand experience i can for you as soon as it is made of the refinancing companies are aggressively contacting veterans and families with misleading mortgage office and many don't care that will take the veteran a deca

one note for today, if the government does shut down, government mortgage programs like fha and va loanshut down as well. >> diana, thank you very much. >>> coming up, from prison to politics, don blankenship served time for mine safety violations, but now he's running for sflena in west virginia he will join us next >>> as we head to break a quick check of the european markets right now. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. w

va was important here. all the people who worked. rosy riveter type. as well as the military come lg home. they all got loans. it was a goaden period. the 1940s. people were adjusting. men were going to school. and california had a history once it developed its higher education system of believe it or not making college free. it was free. during the 50s and 60s. the state put together its higher education program. university colleges and community colleges. it didn't last long enough. as far as i'm concerned. it was in the mid-60s when reagan became governor 1966. that was when he and the board of regions began to install tuition for the uc. and the commune colleges. not so much. but that was a golden period. then during the 50s there was automobile manufacturing here. a lot. and all the parts that go with automobiles. and other manufacturing california. it was a big manufacturing state. the 70s and 80s were difficult. a bit more difficult. the pulse wasn't beating quite so hard. and quite so fast. and quite so loud. and so the state began to go into a very serious period of discrimination. and particularly a