More than half of survey respondents held at least one misconception about VA home loans, including about 30% that weren't aware that the loans require no downpayment.
Ginnie posted a 1.3% quarterly gain in servicing outstanding to $2.726 trillion at the end of March, not including servicing of home-equity conversion mortgages.
The Mortgage Bankers Association urged VA to adopt lender-generated documentation and bulk invoicing because loan-specific invoices are often not available.
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