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Ginnie Mae eyes year-end for new HMBS product

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday. The news was first reported by Inside Mortgage Finance.

Sam Valverde, acting president of Ginnie Mae.

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Sam Valverde

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