How Lenders Who Prey on Veterans Hurt Other Homebuyers as Well
Washington Post Writers Group, Feb. 13, 2018–Kenneth R. Harney
Could predatory lending practices affecting veterans also be inflating interest rates paid by thousands of unsuspecting homebuyers using Federal Housing Administration loans? Michael Fratantoni, chief economist for the Mortgage Bankers Association, said “it absolutely impacts interest rates” adversely when investors cut the prices they’ll pay for Ginnie Mae bonds.
