Flex swap??

[iamito]

Hi

Can anyone tell me what is a flex swap?

I read on Fitch's "Repay my Mortgage? Over my Dead Body! - Fitch's
Reverse Mortgage Criteria" that it can be used when loan (p)repayments
differ from the scheduled repayment.

Cheers
Miguel

 

[Daytona]

I read on Fitch's "Repay my Mortgage? Over my Dead Body! - Fitch's

There's no reference to it in -
http://www.fitchratings.com/corpora...=250148&sector_flag=5&marketsector=2&detail=1