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Ginnie Mae’s Reverse Mortgage Presentation From MBA Conference HW+

Dec 05, 2007By

At this years Mortgage Bankers Association in Boston, Ted B. Foster, Senior VP of Ginnie Mae presented on the new HMBS.  The presentation gives the best overview of the product for people in the industry that I’ve seen.   Foster lists the key features of the HMBS: Collateralized by HECM loans. Weighted Average Coupon (WAC) accrual […]