Small, additional costs can hike monthly payments
In a move to combat churn in VA mortgages, the company is restricting certain loans from its top-level securities
The deal opens new avenues of business for HSF
Fast prepayment speeds on VA loans – which GInnie Mae has been trying to combat – makes all government-backed mortgages more expensive, says the Urban Institute
Military member and veterans can choose and compare loans on the site
The company now has a total of $400m in warehouse commitments
The exec says the company's VA loan production is on an upward trajectory
The lender is the latest company to face restrictions as part of Ginnie Mae's anti-churn efforts