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That is the supply of approved Ginnie Mae issuers of HECM Mortgage Backed Securities or HMBSs. Today we are only supported by 18 issuers with only about one quarter actively issuing HMBS.
Speaking of issuers the process of becoming one is not for the feint of heart. They must have $5 million dollars plus and an additional 1% of the aggregate amount of their outstanding principal balances. In addition they must have liquid assets that exceed the net worth requirement by 20%. Few companies have such flush balance sheets which makes issuers an elite group.