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» Analysts Say FHA’s Tangible Benefit Test Might Be the Solution to VA’s Churning Problem
Analysts Say FHA’s Tangible Benefit Test Might Be the Solution to VA’s Churning Problem
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The Ginnie Mae/Veterans Affairs task force is meeting regularly to find a solution to the VA churning problem that is triggering rapid prepayments to the detriment of MBS investors – and a test currently used by the FHA might provide the answer.