U.S. Cracks Down on Firms Making Predatory Mortgages to Veterans
Bloomberg, Dec. 7, 2017–Joe Light
The actions, which were announced Thursday, stem from a probe by Ginnie Mae, a government-owned corporation that guarantees payment on $2 trillion-worth of mortgage-backed securities. Its bonds include loans made through the Department of Veterans Affairs as well as other federal programs meant for low-wealth or rural borrowers.
