2009-06-19 — reversemortgagedaily.com
"Donohue also expressed concern that the increase in demand for FHA programs is having collateral implications for the integrity of the Government National Mortgage Association (Ginnie Mae) mortgage-backed securities. He added, “HUD too needs to consider the downstream risks to investors and financial institutions of Ginnie Mae’s eventual securitization of Home Equity Conversion Mortgage (HECM) Single-Family loansâ€."
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