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Fannie Withdrawal from Reverse Mortgages a Model?
Fannie Mae, once the dominant financier of reverse mortgages, has quietly been winding down its involvement in the sector over the last year or so, providing a possible model for how policymakers might be able to help the broader housing finance sector to transition into a less GSE-dependent system. “Fannie’s role in our market has been steadily diminishing in a nice and natural way that...
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