Ginnie Mae

Spotlight: The Role of the Government in the Future of the Reverse Mortgage Market 

I recently was asked to speak at a forward mortgage servicing conference about the role of government in the mortgage market. As I thought about this topic and summarized my thoughts, my outline reflected what most already know: The government currently is the mortgage marketplace. Since the so-called “mortgage meltdown” of 2008, private participants either have left the mortgage industry, gone bankrupt, shut their doors, or, if they still remain in business, are more or less dependent upon the government for funding, product design and offerings, a secondary market, or all three. Moreover, the government (at both the federal and