Baltimore, MD (PRWEB) November 17, 2009 — Next Generation Financial Services (NGFS) today announced that Robert Cannon has joined NGFS as its Chief Executive Officer. Cannon succeeds acting President Richard Pitbladdo, who will continue with NGFS as its Chief Financial Officer.
As an attorney, Cannon has advised banks, bank regulators and individuals, especially regarding Home Equity [...]

The Government National Mortgage Association (Ginnie Mae) announced that it guaranteed more than $917 million of reverse mortgage MBS (HMBS) in October.
“Ginnie Mae – whose securities carry the full faith and credit of the U.S. government – has been quick to modify and create securitization products that provide additional liquidity to help stabilize the [...]