Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS)  programs remain critical pillars of the business.

Their comments came during the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting in Minneapolis last week, not long after the U.S. Department of Housing and Urban Development (HUD) announced it’s seeking public input on possible improvements to the HECM details ⇒

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