Ginnie Mae Reverse Mortgage MBS: Coming Soon to a Market Near You?
September 29, 2006
An aging population that is outliving its savings is producing a modest boom in the reverse mortgage market, a fact that hasn’t been lost on the FHA, which currently runs the nation’s largest reverse loan program and is reportedly looking at ways to improve liquidity through securitization. But securitization of FHA-insured home-equity conversion mortgages still has a way to go. Sources tell Inside MBS & ABS that while officials from Ginnie Mae recently met with the Mortgage Bankers Association to talk about...