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Tag Archives: Reverse Mortgage

Ginnie Mae Planning New Reverse MBS

Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.

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HECM Volume Up 37.5% in 2020

Fitch Ratings

Home Equity Conversion Mortgage (HECM) endorsements were up 15.1% year-over-year in December to 4,097 loans, according to new data from Reverse Market Insight. For calendar year 2020, HECM volume recorded an annualized increase of 37.5% to 44,661 loans. Eight of ...

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Working to Prevent HECM Foreclosures

The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with reverse mortgages.

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The Reverse Mortgage Conundrum

The reverse mortgage process can be complicated. Here's how reverse mortgages may be a positive tool for borrowers facing default, and how it could lead to foreclosure. Editor’s note: This feature originally appeared in the January issue of DS News, out now.

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