Monthly Archives: April 2014

First-hand Reverse Mortgage Account

Submitted by Neal S. Hutchinson; Reverse Mortgage Expert Early in 2009, I had decided to change careers and based on my education and experience, several people had recommended that I explore the mortgage industry.  I was talking to a couple … Continue reading

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GNMA Participant Letter limits HECM HMBS pool.

A recent Participant Memorandum by GNMA (also known as Ginnie Mae) states that it will not allow fixed rate open-ended line of credit loans in its Home Equity Conversion Mortgage (HECM) Home Mortgage Backed Securities (MBHS) pool. Translation: this affects … Continue reading

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