The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

That program, referred to by industry participants as “HMBS 2.0,” was initially announced as in development at the beginning of the year. A term sheet detailing its proposed provisions was released at the end of June, with a 30-day comment period details ⇒

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