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Generation Mortgage

Latest Posts

Reverse Mortgage Rates Begin to Rise, Lower Proceeds for Borrowers 

Feb 09, 2011By

Over the last week reverse mortgage pricing has taken a dramatic turn for the worse as rates on bonds continue to rise. “There has been a fairly large bond market selloff in past few days,” said Jeff Traister, reverse mortgage trader at Cantor Fitzgerald. A good benchmark for Ginnie Mae’s HMBS program is the 5-year […]