Ginnie Mae Begins Designing Securitization Program for FHA-Insured Reverse Mortgages
July 20, 2007
Ginnie Mae recently released program specifications for issuers of MBS backed by home-equity conversion mortgages, or HECMs, the reverse mortgage program insured by the FHA. Some $3.72 billion of FHA HECMs were securitized during the first half of 2007 in...