Reverse Mortgages For Dummies Federal housing-finance agency Ginnie Mae plans to roll out as soon as today what it calls the first “standardized” bond issue backed by [tag]reverse mortgage[/tag]s, a move aimed at boosting liquidity for one of the fastest-growing markets targeting [tag]baby boomer[/tag]baby boomers. The offering, expected to total about $120 million, consists of more than 1,000 government-insured reverse mortgages, which allow homeowners 62 years old or older to turn home equity into income they don’t have to repay until they sell their homes. Such loans have grown rapidly in popularity in recent years, thanks to the nation’s aging population, a lack of retirement savings and the rapid house-price gains in the first half of this decade.

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