Legislation Clarifies Securitization Timeline for VA Loans

Scotsman Guide, July 10, 2019–Arnie Aurellano
A bill approved this week by the House clarifies when mortgages backed by the U.S. Department of Veterans Affairs qualify to be pooled into Ginnie Mae securities.The Mortgage Bankers Association sent a letter to House leadership ahead of the vote on the bill, urging its passage.