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Opening up the Reverse Mortgage Secondary Market

5:30 pm   -   November 28th, 2006

Without much fanfare or industry spolight, Ginnie Mae announced last month that they are now issuing a GNMA Mortgage Backed Security (MBS) for the FHA version of the Reverse Mortgage loan program known as the Home Equity Conversion Mortgage or HECM. The creation of a secondary market with GNMA guaranty is vital to expanding the options for reverse mortgage borrowers. (more…)



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Messenger-Mortgage Choice Golden Gavel and School?s Idol Launch
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Mortgage pain on the increase
CHRIS ZAPPONE The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. Some 218,700 Australian households were at risk of having to sell, refinance or lose
UAE- HSBC cuts mortgage rate to woo new customers
UAE- HSBC cuts mortgage rate to woo new customers
Messenger-Mortgage Choice Golden Gavel and School?s Idol Launch
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HSBC Cuts Mortgage Rate to Woo New Customers
HSBC on Wednesday announced a reduction in its variable mortgage rate for new customers from 8.5 per cent to 6.75 per cent, a move property analysts said would give a fillip to the real estate industry.
Messenger-Mortgage Choice Golden Gavel and School?s Idol Launch
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Mortgage market had positive February
Last month saw positive movement in the UK mortgage market, according to brokers Countrywide. The firm said a survey of its consultants had found a 34 per cent rise in the number of mortgages issued last month from January, with the total also being 6.6
Messenger-Mortgage Choice Golden Gavel and School?s Idol Launch
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Mortgage investors push for banks to write down second liens
A group of investors in mortgage-backed bonds dubbed the Mortgage Investors Coalition (MIC) recently submitted to Congress a plan to overhaul the refinancing of underwater borrowers by writing down the principal balances of both first and second
ARLA unveils bespoke buy to let mortgage comparison website
The Association of residential letting Agents (ARLA) has launched a free online comparison site specifically for landlords and the buy-to-let market. The ARLA Mortgages service was unveiled at the 2010 ARLA Conference in conjunction with sister products
Outside Counsel: Analyzing Securitized Mortgages On Commercial Property
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HSBC lowers mortgage rates for new customers
HSBC has decreased its rates across its variable rate mortgage and Amanah Home Finance for new customers, according to a statement from the bank.
Mexico's Infonavit Sells MXN4.93 Billion In Mortgage Bonds
MEXICO CITY -(Dow Jones)- Mexico's biggest home lender, federal housing fund Infonavit, said Wednesday that it sold 4.93 billion pesos ($391 million) of mortgage bonds in its first issuance of the year. 'During the auction 130 bids were received and
Messenger-Mortgage Choice Golden Gavel and School?s Idol Launch
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