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Posted To: MND NewsWire

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Days after Ginnie Mae issued a Request for Enter seeking advice about how to tighten its regulations in regard to VA loans, so it appears the government is currently taking actions. Ginnie Mae was pointing to higher than acceptable prepayment rates one of streamline alliance VA loans contained in one of its securitization plans, particularly those who have high loan-to-value (LTV) ratios. Politico reported on Tuesday that investigators in the Veterans Administration were issuing subpoenas to several mortgage lenders”seeking advice on delinquencies and obligations .” The VA was observing the regular consecutive refinancing of its loans for Many years and has since taken action to curtail some of the streamline refinancing, threatening to sanction some of its lenders for what it calls”churning…(read )