Archive for July, 2009
CMT Index Based Reverse Mortgage to Be Eliminated as of 9/1/09
News of the termination of the CMT (Constant Maturity Index) product for Reverse Mortgage came on June 1, 2009 from the GSE (Government Subsidized Entity) , Fannie Mae. Fannie Mae, one of the main investors of Reverse Mortgages, announced they would discontinue purchasing the CMT Home Equity Conversion Mortgage. One of the reasons give was [...]
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