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The real cost of loan 'churn,' and why warnings to lenders may be working
2/10/2018

‚ÄčMILITARY TIMES --- The increased speed at which VA loans are being refinanced, known as "churning," has prompted action from senators and from Ginnie Mae, a government-owned corporation that backs mortgage securities. And while the bipartisan Senate bill is in its early stages, the move by Ginnie Mae warning nine lenders to stop their aggressive loan practices ,,, already may be paying off.

The complete article is available by clicking here: https://www.militarytimes.com/home-hq/2018/02/09/the-real-cost-of-loan-churn-and-why-warnings-to-lenders-may-be-working/?utm_source=Sailthru&utm_medium=email&utm_campaign=ebb%202.12.18&utm_term=Editorial%20-%20Military%20-%20Early%20Bird%20Brief

 

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The real cost of loan 'churn,' and why warnings to lenders may be working