Ginnie Mae issued a press release on Friday which reports that with the recent study published by HUD, they are confident that they have the information necessary to issue their first HECM Mortgage-Backed Security (HMBS) this year. The report issued by HUD analyzed 16 years of HECM loan level data. According to the press release, […]
Category: GNMA
“Reverse mortgages are on the verge of explosive growth” Ginnie Mae President Robert Couch I came across an article from SNLi that featured Ginnie Mae President Robert Couch discussing the future of the reverse mortgage market. He mentions that Ginnie Mae is in the process of putting together the first Home Equity Conversion Mortgage (HECM) […]
A few days ago Ginnie Mae released to the public that they will be securitizing reverse mortgage products in the near future. This is great news for the industry in general and I think you will be seeing more competition in the market because of it. A link to the full press release is below. […]
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