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A mortgage-backed security (MBS) gives an investor the right to receive some portion of cash flows from a pool of mortgages. A mortgage is a form of collateralized lending borrower (home owner) lender (Originator) House as Collateral Funds to purchase a house 1 Source: FRBNY analysis 3

NRMLA’s Eastern Regional Meeting & Expo, Reverse Mortgages in a Time of Change is a great opportunity to get exclusive information on the hecm final rule from NRMLA’s outside counsel, Jim.

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