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Ginnie Mae releases anticipated ‘HMBS 2.0’ term sheet

Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to as “HMBS 2.0.”

Last month at a National Reverse Mortgage Lenders Association (NRMLA) event, Ginnie Mae acting president Sam Valverde indicated that the term sheet would arrive sometime in June.

“Supporting the reverse mortgage market is a top priority at Ginnie Mae,” Valverde told HousingWire’s Reverse Mortgage Daily (RMD) in an email. “We have dedicated resources that details ⇒

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