One Reverse Mortgage Now Ginnie Mae HECM RMBS Certified – NMP Skip to main content

One Reverse Mortgage Now Ginnie Mae HECM RMBS Certified

Jul 15, 2011

One Reverse Mortgage LLC has announced that it has received approval from Ginnie Mae to participate in the agency's HECM Mortgage-Backed Securities (HMBS) program. One Reverse Mortgage will now be able to leverage the company's relationships in the investor community to seamlessly transition from a whole loan seller to securities issuer. "Receiving approval from Ginnie Mae to issue securities was an important next step in our growth," said Gregg Smith, president and chief operating officer of One Reverse Mortgage LLC. "We will now be able to leverage the relationships we have forged with the investment community, as well as those we have made through our relationship with Quicken Loans." Through the HMBS program, One Reverse Mortgage will be able to bundle and sell reverse mortgage securities, similar to the process used for so-called forward mortgages through Fannie Mae and Freddie Mac. "The HMBS program allows us to secure the best possible pricing for our clients, which was the primary reason we decided to undertake the lengthy certification process," Smith added. "It is the natural next step in our mission to provide our clients with the best service and pricing in the reverse mortgage industry."
About the author
Published
Jul 15, 2011
More from
Reverse
Reverse Mortgage Borrowers Are Showing Up Too Late

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Apr 22, 2026
HECM Volume Rebounds In March But Signals Persisting Reverse Mortgage Slowdown

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

Apr 07, 2026
Finance Of America Launches Second-Lien Reverse Mortgage Amid Rate Lock-In Demand

New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments

Apr 02, 2026
Mortgage Cadence Exec George Morales Joins NRMLA Board

George Morales, National Sales Director at Mortgage Cadence, has been elected to the NRMLA Board of Directors, where he will help guide reverse mortgage industry policy, modernization, and consumer-focused innovation

Dec 05, 2025
MBA Proposes Changes To Stabilize The Reverse Mortgage Market

The Mortgage Bankers Association has urged the FHA and Ginnie Mae to modernize and overhaul the HECM and HMBS programs to expand senior access, cut costs, and restore market liquidity

Dec 01, 2025
Finance Of America To Acquire PHH’s Reverse Mortgage Assets

PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement

Nov 18, 2025