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MBA subsidiary starts reverse mortgage working group


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A subsidiary of the Mortgage Bankers Association begins reverse mortgage working group

[Reverse Mortgage Daily] RMD reports a subsidiary of the Mortgage Bankers Association (MBA) has started the develop a working group on developing and standardizing reverse mortgages.

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As a prominent commentator and Editor in Chief at, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
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  1. Will the new MBA reverse mortgage working group be good for the industry? I am less optimistic but that does not mean I do not support this startup. One thing our industry lacks is fundamental ethical standards that are binding on originators, brokers, mortgagees, and others involved in the origination of reverse mortgages

    Right bow I have a very supportive stand while waiting to see what develops.

  2. Interesting, anything to help and support a struggling industry.

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