B of A Merrill To Offer $92 Mln Reverse Mortgage RMBS

28 Jul 2010

Bank of America Merrill Lynch is planning to offer $92 million in residential mortgage backed securities guaranteed by distressed reverse mortgages insured by the federal government.

Bank of America Merrill Lynch is planning to offer $92 million in residential mortgage backed securities guaranteed by distressed reverse mortgages insured by the federal government. According to a term sheet obtained by Reuters, the bond involves 760 home equity conversion mortgages and will be priced with a ...

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