REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

VA Subpoenas Multiple Lenders; Condo Mortgages Poised For Breakout; More Trade War Drama

VA Subpoenas Multiple Lenders; Condo Mortgages Poised For Breakout; More Trade War Drama

Just days after Ginnie Mae issued a Request for Input seeking advice on ways to tighten its regulations in regard to VA loans, it appears the government is taking stronger action. Ginnie Mae was pointing to higher than acceptable prepayment rates among streamline refinancing VA loans included in one of its securitization programs, especially those with high loan-to-value (LTV) ratios. Politico reported on Tuesday that investigators from the Veterans Administration have been issuing subpoenas to several mortgage lenders "seeking information on delinquencies and payments." The VA has been watching the frequent serial refinancing of its loans for several years and has taken action to curtail some of the streamline refinancing, threatening to sanction some of its lenders for what it calls "churning
No Comments

Sorry, the comment form is closed at this time.