Interactive Data Corp.'s pricing and reference data business is providing daily independent evaluations for Ginnie Mae HMBS fixed-rate reverse mortgage securities. The program is designed to provide liquidity for reverse mortgage lenders who originate the Federal Housing Administration Home Equity Conversion Mortgages which make up these securities. IDC said HMBS holders have had to rely on broker quotes or information from a dealer to assess the current market value of their securities. IDC clients, added Liz Duggan, managing director, evaluations, interactive data pricing and reference data, "are increasingly requesting evaluations for these structures."
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