Is Ginnie Mae involved with reverse mortgages [Home Equity Conversion Mortgages(HECM])?

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Is Ginnie Mae involved with reverse mortgages [Home Equity Conversion Mortgages(HECM])?

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Yes, Ginnie Mae does securitize FHA HECMs. Ginnie Mae’s first Home Equity Conversion Mortgage Backed Securities (HMBS) was issued in November 2007.