New Bill Clarifies VA Mortgage Eligibility in Ginnie Mae Securities

National Mortgage Professional, Oct. 1, 2018–Phil Hall
H.R. 6737, The Protect Affordable Mortgages for Veterans Act of 2018, would allow recently executed loans refinanced by the Department of Veterans Affairs home loans to maintain their eligibility for pooling in Ginnie Mae securities. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, says the trade group supports the bill.