New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’
Housing Wire
DECEMBER 13, 2024
could serve as a logistical template for such a product. Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. Therefore, HMBS 2.0 could serve as something of an example for Ginnie Mae to observe.
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