"In part one of this interview, Valverde spoke about the work being done at Ginnie Mae and the FHA to bolster the HECM program. This follows in the wake of liquidity concerns created by the collapse of a major lender in the space two years ago. Even with all this great work from FHA, it was clear more needed to be done, he said."
"For HMBS 2.0, we've consulted closely with issuers and industry experts to identify the needs of the market and get their input. The industry reaction following the release of the term sheet has been largely positive."
"That's why we offered a draft term sheet for public comment in June, and we took those comments in July, he said. We've received a lot of helpful feedback from the industry on the term sheet, and across Ginnie Mae we're working through how those comments can lead us to a viable solution."
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