General World News

Ginnie Mae official talks HMBS 2.0, hopes for detailed public comments

After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) portfolio — released a highly anticipated term sheet this week for what is being referred to as “HMBS 2.0.”

To get a better understanding of the newly proposed program and what it hopes to accomplish, HousingWire’s Reverse Mortgage Daily (RMD) sat down with a Ginnie Mae official to get the organization’s perspective on what it details ⇒

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