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.
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Sam Valverde
” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2024/05/samvalverde_ginniemae.jpg?w=240″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2024/05/samvalverde_ginniemae.jpg?w=819″ src=”https://www.housingwire.com/wp-content/uploads/2024/05/samvalverde_ginniemae.jpg?w=819″ alt=”Sam Valverde, acting president of details ⇒
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