McCargo said that while rates remain low, the lack of refinance activity is keeping a lid on government mortgage activity and Ginnie Mae’s business.
The high cost of borrowing for nonbanks is a stress on the government mortgage system, Ginnie Mae President Alanna McCargo said.
McCargo said that while rates remain low, the lack of refinance activity is keeping a lid on government mortgage activity and Ginnie Mae’s business.
You can read this full article at: https://www.housingwire.com/articles/alanna-mccargo-nonbank-liquidity-issues-must-be-addressed/(subscription required)
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