Earlier this week, the Mortgage Bankers Association launched their new Reverse Mortgage Resource Center (RMRC). According to the website, the RMRC is designed to be your one location for the latest information on the growing reverse mortgage market. When the MBA announced it was forming its task force in October, they said they would establish a consumer website for reverse mortgages which you can find here.
I can’t say I’m too impressed with the MBA’s fist effort of creating a “location for the latest information on the growing reverse mortgage market”. While I understand it’s the first version of the website, if the MBA thinks a website like this is going to help they’re crazy.
I’d like to see them use their Mortgage Action Alliance tool to help the industry lobby in Washington and communicate with people like the Award Winning Senator Claire McCaskill.
Reverse Mortgage Resource Center
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Reverse mortgage professional Gabe Bodner offers tips for originators to keep in mind during tough market conditions.