Comments on: MBA Launches Reverse Mortgage Resource Center

By: common sense

common sense — Sun, 09 Nov 2008 12:54:11 +0000

I will continue to support both the MBA and NRMLA. I look at this as the first step from the MBA in trying to help their “constituents”. I hope to see their efforts and resource center progress with time.

As for my efforts, I answer the call each time I am needed. Whether it be from the Associations above or HUD, I am always glad to help. Even though I am a mere donkey.

By: Lance Jackson

Lance Jackson — Fri, 07 Nov 2008 18:08:38 +0000

I support the MBA’s efforts, as well as those of NRMLA. And although I authored our own consumer guide, I often provide AARP’s consumer guide to prospective customers.

By: RM since 1990

RM since 1990 — Fri, 07 Nov 2008 14:07:00 +0000

The reverse mortgage industry has long been in need of adult leadership and, more importantly, a strong voice in Washington. MBA provides both. The reverse mortgage-only organization doesn’t seem to be able to influence legislation or its implementation as can the MBA. I support the MBA as a strong advocate for the mortgage industry, including the reverse mortgage segment.

By: common sense

common sense — Fri, 07 Nov 2008 13:04:15 +0000

While I will agree that the website isn’t flashy at this point in time, I disagree with some other points.

A website is intended to give a high level overview of a topic. What percentage of loans have you seen with a 90 year old borrower? If the focus was on the older borrower and larger loan amount, you would complain that they are out of touch.

I haven’t seen the list of names on the committee, yet my assumption is that it would comprise of EXPERIENCED members of the reverse mortgage industry. Let’s wait and see the committee list before we jump off the bandwagon.

It is a positive step for the MBA to make an initiative to bring more information and try to help the industry. An effort to help is better than no effort at all.