Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.

The collateral for Nationstar HECM Loan Trust Asset-Backed Notes, Series 2017-1 involves 1,283 inactive reverse mortgage loans and 229 real-estate owned, or repossessed, properties with a total balance of $324.5 million. Reverse mortgages are loans issued to borrowers 62 or older to convert a portion their home equity into cash.

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