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FAR Recycles Collateral in Series of New Defaulted HECM Bonds 

Apr 18, 2019By

The next offering of bonds from Finance of America Reverse (FAR) that are backed by defaulted reverse mortgages includes a higher percentage of loans from a 2017 transaction which collapsed recently. This is according to a story in Asset Securitization Report (ASR). “Nearly 67% of the loans in the $309 million loans and repossessed properties […]