Bankruptcy judge approves Celink stipulation in RMF bankruptcy case
Housing Wire
JANUARY 8, 2024
In addition to removing a major player from the industry, the bankruptcy also ultimately forced Ginnie Mae to assume control over its extensive portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), straining the government-owned corporation’s resources as well as reverse mortgage industry liquidity in the secondary market.
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