Subcommittee will come to order. Good morning everyone and well konl to the subcommittee on equal opportunity. And home loan churning practices and how veteran home buyers are affected and additionally how taxpayers can be affected. This is the second oversight hearing we held this Congress Related to v. A. Loan guarantee program and the benefits provided to our American Service members and veterans on account of this program. As mr. London with the department of federal affairs discussing in his testimony v. A. Guarantees over 23 million loans in excess to trillion dollars since the 1940s representing millions of veterans, Service Members and their families who may not or otherwise achieve the American Dream. This program is one of the more well run program at the v. A. And i have thoughts about why it is, mainly because they guarantee it but the lender are in involved and they under ride it and more people involved in administering it in the private sector. They recently had concerns
Subcommittee will come to order. Good mompg and welcorning and w todays subcommittee. Our oversight entitled home loan turning practices and how taxpayers could be affected. This is the second hearing. As many london with the department of Veterans Affairs discusses in his testimony, the v. A. Is guaranteed over 2 million loans in excess of 2 trillion since the 1940s. That represents millions of veterans, Service Members and their families who may not have otherwise been able to achieve the American Dream. While this program is one of the more well run programs at the v. A. And i have some thoughts about why it is, mainly because they guarantee it but the lenders are involved and they underwrite it and more people involved in administering it in the private sector. They had concerns about certain activities being conducted by some lenders. Potentially unscrupulous lenders which have the potential for harmful outcomes for veteran home buyers. We have seen reports of what may be deceptiv
Because of the salary and compensation increases that number reflects accounting for the increase dr. Listing and team are on deck theyve walk through the budget as well and drizzling into the redesign and efficiency it is the apparatus or infrastructure that has grown much there are other areas we see sort of levels of service directly to students increasing; right . So expand in Early Education weve also are able to more easily identify students that require services and weve seen the expansion as we go to the young ages this is not area of Services Early on. So i think this is a substantial enough contribution that we should probably compare it to impact and results; right . Which i have not had an update it would be helpful this is an item that keeps increase the amount increases and i understand it is what equity it takes more to educate the students but make sure this 70 million is actually sort of the impact results we really want to see and especially around a through g and Cal
Cause of the surge. What i want this hearing to date to talk about and the incentives we create in this country and in our laws for people to come to this country legally. We are a nation of immigrants. We need to recognize the fact that people that come into the this country by and large are coming for the exact reasons our ancestors came. They are seeking the opportunity this country offers people. We need to understand that to a certain extent we need to respect that if it is done legally. We cannot tolerate an unsecure border and a policy of immigration that is based on illegal immigration. We have to look at the law and the incentives for immigration. I would look at defered action of childhood arrivals as an incentive that creates this problem. That is what i want to gleam from the testimony and questions we are ask. Peoples lives are put at risk because of these incentives. The other point i want to make is the difficulty in getting the information to solve this problem. Part of
Our shelters to house these children and families to address this crisis, our government has taken action on several fronts. We set up emergency shelters great we searched agents and immigration areas spread we work to find a safe homes for the children until the cases could be adjudicated. We also worked with the governments of guatemala and salvador to launch what i call the truth campaign, letting the people know about the dangers of the trip to the north, to the u. S. We collaborated with the government of mexico so that nation might better strengthen the integrity of its southern border, and it has. One year later, we no longer have a crisis, at least not of the proportion we had a year ago. It is true that many families and children are still fleeing those countries, but those numbers are clearly down by a little more than half. Is that enough improvement . No. But even though the crisis appears to be over, we still have humanitarian responsibilities to protect the children in ou