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Inside FHA/VA Lending
» VA Prepares to Move Against Abusive Cash-Out Refinance Lending But Provides No Details on Plan
VA Prepares to Move Against Abusive Cash-Out Refinance Lending But Provides No Details on Plan
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The Department of Veterans Affairs wants to act quickly to stamp out cash-out refinance transactions that it deems abusive to service members. It’s going to bypass a lengthy rulemaking process and issue an interim rule to address the problem.