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Home » Store » News » FHA Briefs

FHA Briefs

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Ginnie Mae said it is performing a “comprehensive review of the risks associated with the HMBS (mortgage-backed securities consisting of FHA home equity conversion mortgages) program both to issuers and Ginnie Mae, in order to evaluate possible changes to the program.” Until the review is complete, Ginnie will not approve any new HMBS issuers. The trigger for the suspension, according Ginnie officials...
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