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As nonbanks take over FHA, VA mortgages, concerns grow at Ginnie Mae

Jan 29, 2019By

“If homeowners default on their mortgages, these nonbanks are on the hook to continue advancing payments to investors, tax authorities and insurers until they are repaid by the government,” reports the WSJ. But can nonbanks afford to do this? Ginnie Mae wants to know.

3d rendering of a row of luxury townhouses along a street

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