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Reverse Mortgage Solutions Records $29.6M Loss as Ginnie Mae Buyouts Rise 

Aug 13, 2018By

Reverse Mortgage Solutions recorded $29.6 million in pre-tax losses during the second quarter of 2018, with management at its parent company in part blaming high costs associated with Ginnie Mae buyouts. In addition to elevated fair value losses, Ditech Holding Corporation (NYSE: DHCP) pointed to an extra $9.7 million in borrowing costs related to mandatory […]

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