Slowing down VA refi churn proving more difficult than expected

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  • Slowing down VA refi churn proving more difficult than expected
    Slowing down VA refi churn proving more difficult than expected

    More in Ginnie Mae officials continue to be concerned about the high prepayment speeds of Department of Veterans Affairs-guaranteed mortgages. Specifically, cash-out refinance VA mortgages with minimal seasoning "are prepaying at rates that are inexplicably high," said Michael Bright, who’s serving as acting president of Ginnie Mae while he […]

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