The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. economy.

Importantly, the association said that the recent development of Ginnie Mae’s new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product — known as “HMBS 2.0” — could serve as a “logistical template” for such a product.

Proposal details ⇒

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