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SIFMA voices concern about secondary market impact of rapid VA loan refinancing 

Oct 18, 2017By

Investors are concerned with the secondary market impact of mortgage lenders aggressively targeting servicemembers and military veterans for quick and potentially risky refinances, according to SIFMA, a prominent secondary market trade group. SIFMA voiced its concerns in a letter sent Wednesday to Ginnie Mae, which recently launched an investigation and a task force with the Department of Veterans Affairs to review a rise in rapid refinances among VA loans.

3d rendering of a row of luxury townhouses along a street

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