General World News

Acting Ginnie Mae president comments on ’HMBS 2.0’

Ginnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed securities (MBS), announced this week at a National Reverse Mortgage Lenders Association (NRMLA) event that it will release initial details of its forthcoming Home Equity Conversion Mortgage-backed Securities (HMBS) product as soon as next month.

RMD submitted a request for comment to Ginnie Mae shortly thereafter, and on Friday received a response from Sam Valverde, the company’s acting president and the speaker at the NRMLA event.

Sam Valverde, acting president of Ginnie Mae.

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Sam Valverde

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