September 14, 2017

Springfield Republican: Ginnie Mae launches task force to investigate VA-backed lenders; US Sen. Elizabeth Warren praises move

Ginnie Mae, the principal financing arm for government loans, will look into potentially misleading marketing practices involving U.S. Department of Veterans Affairs-backed lenders, officials announced Thursday.

Acknowledging concerns U.S. Sen. Elizabeth Warren raised in a recent letter, Ginnie Mae Acting President and Chief Operating Officer Michael Bright said the Massachusetts Democrat is right to be bothered by the potential impacts aggressive mortgage marketing practices could have on veteran borrowers.

Read more on the Springfield Republican website here.