VETERANS UNITED HOME LOANS TO PAY $604,000 IN RESTITUTION TO NEW YORK CONSUMERS AND A $500,000 FINE TO DFS FOR RETENTION OF SURPLUS LENDER CREDITS

Financial Services Superintendent Maria T. Vullo today announced that Mortgage Research Center, LLC, doing business as VAMortgage Center and/or Veterans United Home Loans, will pay approximately $604,000 in restitution to New York consumers, primarily veterans, as part of a consent order entered into with the Department of Financial Services (DFS).