TITLE

IndyMac Unit Securitizes Reverse Loans

AUTHOR(S)
Gorman, Danielle
PUB. DATE
July 2008
SOURCE
American Banker;7/9/2008, Vol. 173 Issue 131, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that U.S. reverse mortgage lender Financial Freedom Senior Funding Corp., a subsidiary of IndyMac Bancorp Inc., has issued three securitizations of home equity conversion mortgages through the Government National Mortgage Association (GNMA), colloquially known as Ginnie Mae. It is noted that these types of mortgages are issued by the Federal Housing Administration (FHA).
ACCESSION #
33046866

 

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