Ginnie Mae announces Platinum product for reverse mortgage-backed securities

Ginnie Mae announces Platinum product for reverse mortgage-backed securities
Ginnie Mae has launched a new securitization channel for reverse mortgage-backed securities. Now, investors in the HECM mortgage-backed securities market can participate in Ginnie’s new Platinum HMBS program, which reduces the administrative costs of holding multiple and smaller HMBS securities and promises to bring more liquidity to the market.
Source: https://www.housingwire.com/rss