In so many ways, foreclosure is an end. It’s a bank’s last resort, and the sad final chapter for a family sold on the American dream of home ownership.
But in another sense, foreclosure is also a beginning — a never desirable, but often useful, tool that can help stave off neighborhood blight and create a ...
Real Estate ArticlesIs There a Flip Side of Foreclosures?Reverse Mortgages
Reverse mortgages have been gaining in popularity. For the federal fiscal year ended Sept. 30, 2007, the Federal Housing Administration insured 107,558 reverse mortgages, compared to 76,351 the prior year – an increase of over 40 percent, according to reports issued by the U.S. Department of Housing and Urban Development (HUD)*. This increasingly popular mortgage ...
Ginnie Mae to Provide Detailed Reverse Mortgage MBS Data
Ginnie Mae announced that it will be providing direct access to data disclosure information for the purpose of improving the transparency of Ginnie Mae mortgage-backed securities (MBS).
Ginnie Mae’s disclosure webpage includes data on newly issued pools and pool level statistics. In addition, a new search engine will allow users to obtain monthly disclosure data for ...
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