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Home » Store » News » ASF Warns HUD That Changing Interest Prepayment Rules Would Have Adverse Impact on Ginnie MBS

ASF Warns HUD That Changing Interest Prepayment Rules Would Have Adverse Impact on Ginnie MBS

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The American Securitization Forum balked at possible rule changes at the FHA and Ginnie Mae pertaining to interest prepayment rules on FHA loans, as new Truth in Lending Act rules staged a potential conflict between lenders and secondary market investors. The Federal Reserve told lenders last week that new TILA regulations governing “higher-priced” mortgages and prepayment penalties...
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