MBA subsidiary starts reverse mortgage working group

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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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Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, 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.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

2 Comments

The Positive Realist
May 8, 2023 at 9:18 am
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.
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Steve Kalscheur
May 10, 2023 at 5:25 am
Interesting, anything to help and support a struggling industry.
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