"The request lists 21 questions for consideration. These include any regulatory or other administrative changes HUD should make; whether lenders have a barrier to entry when it comes to providing reverse mortgages; and whether there is possible investor demand. Comments are due by Dec. 1. I think the RFI is trying to get a sense of where the industry is."
"Development of Ginnie Mae's HMBS 2.0 program, introduced in 2024, has stalled under the Trump administration. The proposal would reduce HMBS pool sizes to 95% of a loan's unpaid principal balance to provide an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value, the agency said when announcing the plan. But Ginnie Mae has not issued any guidance about the program since releasing a final term sheet in November 2024."
HUD issued a request for information containing 21 questions covering regulatory and administrative changes, lender barriers to entry for reverse mortgages, and potential investor demand, with comments due Dec. 1. Proprietary reverse mortgage originations have increased recently while HECM activity has shown mixed trends, including a drop in August and a 7.2% endorsement increase in September. Ginnie Mae introduced HMBS 2.0 in 2024 to reduce pool sizes to 95% of unpaid principal balance to bolster economic protection for the agency and taxpayers, but implementation has stalled and no guidance has followed the November 2024 final term sheet. The FHA indicated it will continue to process claims despite federal shutdown-related hurdles.
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