Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for other major players in the space. The government-owned company has long overseen the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, through which reverse mortgages are securitized and sold to investors.

While recent industry liquidity challenges were first addressed under the leadership of former Ginnie Mae president Alanna McCargo, the company’s acting president, Sam Valverde, is details ⇒

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