Ginnie Mae seeks industry guidance on aggressive loan churning

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Ginnie Mae seeks industry guidance on aggressive loan churning

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Splash of milk. Closeup. | Valentyn Volkov/volff - Fotolia

Ginnie Mae announced on Friday that it was considering making changes to its loan eligibility rulebook, as the government agency looks for new solutions to crack down on a continued pattern of aggressive refinancing in certain corners of the US mortgage market.

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