U.S. Is Restricting Lenders in Veterans’ Mortgage Crackdown
Bloomberg, Apr. 4, 2018–Joe Light
NewDay USA and Nations Lending Corp. have been restricted effective this week from issuing Ginnie Mae bonds that are intermingled with loans from other lenders. The move follows an examination by Ginnie Mae, a government-owned corporation that guarantees about $2 trillion in mortgage-backed securities, including loans backed by the Department of Veterans Affairs.
