Items Tagged with 'VA lenders'

ARTICLES

  • Ginnie Mae reportedly boots two lenders from bond program over VA loan churning

    NewDay and Nations Lending sanctioned
    Ginnie Mae’s battle against a number of mortgage lenders that are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages just went to another level. Ginnie Mae reportedly booted NewDay USA and Nations Lending from its primary mortgage bond program after threatening the lenders earlier this year over their abnormally high prepayment speeds.
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  • NewDay USA appoints Garrison Foster senior vice president

    Foster founded Veterans Association for Homeownership
    VA lender NewDay USA announced this week it has named Garrison Foster to serve as senior vice president and oversee the company’s purchase home loan division. Foster, a U.S. Marine Corps veteran and advocate for vets, founded the Veterans Association for Homeownership, a nonprofit organization that assists veterans and families to better understand and receive VA benefits.
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