The reverse mortgage industry has been anticipating the development of a new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program designed to further address liquidity issues in the aftermath of the collapse of a major lender and issuer.

But following the results of the 2024 presidential election, the implementation of “HMBS 2.0” and other potential priorities sought by current leaders could be in flux through no fault of Ginnie Mae, the government-owned company that oversees the forward and reverse mortgage-backed securities programs. details ⇒

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