Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.

The collateral involves $221.1 million in inactive reverse mortgage loans and real-estate owned (REO) bank properties that were all tied to the Federal Housing Administration’s federally guaranteed Home Equity Conversion Mortgage (HECM) loans.

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