Nov 26, 2025· Comment Submitted by Mortgage Bankers Association· HUD-2025-0703-0024
The Mortgage Bankers Association thanks the Federal Housing Administration and the Government National Mortgage Association for the opportunity to respond to the joint Request for Information regarding the future of the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs. MBA affirms that HECM loans are a secure and sustainable product that helps seniors unlock their home equity to cover expenses in retirement, all while living in their homes without the burden of monthly mortgage payments. Furthermore, MBA recognizes the critical need to enhance the HMBS program and strengthen liquidity. The RFI outlines specific areas of interest, and the attached letter provides greater context about each.