Nationstar is preparing its third securitization this year, and sixth overall, of non-performing and inactive reverse mortgages under a Federal Housing Authority reverse mortgage program.

Nationstar HECM Loan Trust Asset-Backed Notes, Series 2016-3, is a $246.21 million asset-backed notes issuance supported by a $251 million collateral pool of properties tied to reverse mortgages or properties that have become bank-owned assets under the FHA’s HECM (Home Equity Conversion Mortgage) program.

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