Economic Report

Lenders Being Probed for Predatory Mortgage Refinancing Practices Targeting Veterans

U.S. Looking into Just How Widespread Process of “Churning” Is Lenders are being investigated by the U.S. government-owned Government National Mortgage Association, also known as Ginnie Mae, for allegedly pressuring veteran members of the military into unnecessary mortgage refinances, which leads to little or no benefit for the veterans but generates high fees for the (more…)