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Mortgage Firms ‘Churning’ Refinance Loans to Veterans

A central authority company is concentrated on lenders who aggressively push army veterans to refinance their house loans, main the debtors in some circumstances to rack up hundreds of bucks in pointless charges.

Ginnie Mae, the government-owned company that promises positive loan securities, stated it’s making plans to seek advice from a minimum of part a dozen lenders their refinance practices. It could also be considering civil felony motion towards…

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