The Department of Veterans Affairs is reviewing the more than 6,000 companies participating in its mortgage program in an effort to cull out unscrupulous lenders.

The sweeping inquiry underscores the department's fears that the hands- off nature of its streamlined refinancing program has permitted abuses. The program requires little paperwork and allows lenders to participate without background checks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.