[ad_1] With ongoing liquidity demanding situations and a seamless lag in House Fairness Conversion Loan (HECM) case numbers, opposite loan trade in 2024 began off with a little bit of a whimper. Each HECM endorsements and HECM-backed securities (HMBS) issuance noticed modest declines in January, even supposing 4 of the highest 10 HECM lenders controlled […]
Former Ginnie Mae president applauds the advance of recent HMBS product
[ad_1] Ted Tozer, former president of Ginnie Mae throughout the Obama management and present president Alanna McCargo’s most up-to-date Senate-confirmed predecessor, applauded the inside track that the corporate is taking a look into the advance of a brand new House Fairness Conversion Loan (HECM)-backed Safety (HMBS) product. Introduced previous this week as part of a […]