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HECM

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HECM Payoffs Reach New Record with $1 Billion in May 

Jun 21, 2017By

For the first time ever, Home Equity Conversion Mortgage-backed securities saw prepayments of more than $1 billion in a single month, wiping out an overall strong May for HMBS issuance. HMBS issuers rolled out $768 million in loan pools last month, according to data from New View Advisors, with $543 million of that coming from […]