The Office of Inspector General (OIG) for the U.S. Department of Housing and Urban Development (HUD) is initiating an inquiry into Ginnie Mae’s monitoring and extinguishment of former issuer, Reverse Mortgage Funding (RMF), from its Home Equity Conversion Mortgage-Backed Securities (HMBS) Program. The OIG’s inquiry will include interviews, data gathering, and analysis of compliance with laws, regulations, policies, and procedures related to Ginnie Mae’s oversight of RMF.
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