Ginnie Mae Launches Platinum Product for HECM Securities – NMP
Reverse

Ginnie Mae Launches Platinum Product for HECM Securities

Apr 19, 2019
Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $63.44 billion in May

Ginnie Mae has announced that investors in Ginnie Mae mortgage securities backed by Home Equity Conversion Mortgages (HECMs) can now take advantage of a new Platinum securities execution—the Home Equity Conversion Mortgages Backed Security (HMBS) Platinum securitization channel. The HMBS option eases the administrative costs of holding multiple (and typically smaller) HMBS securities and, in doing so, enhances the liquidity of the overall market for Ginnie Mae HMBS.
 
The new Platinum HMBS option is the latest evolution in the modernization of Ginnie Mae’s Platinum securities program, which has been adding investor-focused functionality since 2017. Today, investors can create Platinum products using fixed-rate MBS (15- and 30-year mortgages); Weighted Average Coupon (WAC) Adjustable Rate Mortgage (ARM) and Jumbo Only Fixed mortgages.
 
The market adoption of the modernized process for Platinum products has been strong: prior to modernization, fiscal year 2017 production of Platinum securities with fixed-rate collateral was only $7.88 billion. Following modernization and automation inside the new MyGinnieMae portal, volume grew to more than $20 billion in fiscal year 2018.
 
“Today’s announcement is another important step on the path to continually modernize operations at Ginnie Mae to benefit MBS investors and Issuers,” said John Daugherty, SVP, Office of Securities Operations. “Making it simpler for investors to manage their portfolio of Ginnie Mae MBS and HMBS, while enhancing the liquidity of their Ginnie Mae investments, supports our mission to foster a strong secondary mortgage market for government mortgage loans, helping borrowers across the U.S, obtain the lowest mortgage rates an efficient market can offer.”
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Apr 19, 2019
Get the NMP Daily
C-Suite Strategies
UWM Renews Attack On CrossCountry Deal Ahead Of Vote

With Two Harbors shareholders set to vote June 23, UWM is again urging investors to reject CrossCountry's acquisition while the REIT argues UWM has failed to submit a revised proposal

UWM Holdings renewed its campaign to derail CrossCountry Mortgage's proposed acquisition of the mortgage REIT Two Harbors Investment Corp. on Monday, accusing the board of ignoring shareholders and refusing to engage with what UWM continues to call a superior offer.The lates...

Continue reading
Operations
UWM Rolls Out Doctor Loan Program

New offering provides up to 100% financing with no mortgage insurance for eligible healthcare professionals

United Wholesale Mortgage is expanding its product lineup with the launch of a Doctor Loan program designed to help medical professionals qualify for homeownership despite high student loan balances and limited savings for a down payment.The new program allows eligible healt...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
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

Reverse
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

Reverse
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

Reverse
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

People On The Move
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

Reverse
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

Industry News
Nov 18, 2025