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EPISODE #773
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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2 Comments
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.
Interesting, anything to help and support a struggling industry.