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Inside FHA/VA Lending
» Ginnie Mae Places VA Lenders in Penalty Box for VA Loan Churning, Excessive Prepayment Speeds
Ginnie Mae Places VA Lenders in Penalty Box for VA Loan Churning, Excessive Prepayment Speeds
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Ginnie Mae has restricted three issuers from putting VA mortgages in standard multi-issuer MBS pools as it continues to police the ranks for alleged churning activities.