Ginnie Mae on Monday released a final term sheet for its new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program referred to as “HMBS 2.0.”

Ginnie Mae has been developing the final term sheet in consultation with reverse mortgage industry stakeholders and comments submitted to the government-owned company. The final term sheet arrives after “an extensive stakeholder engagement process and public comments received after the June 2024” publication of the initial term sheet, the company said.

Among the provisions of the details ⇒

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