A new reverse mortgage standard is in the works by a MISMO working group, with a target date of January 2025 set by Mortgage Cadence. This initiative aims to streamline and improve the reverse mortgage process for both lenders and borrowers.
Key points from the text include:
– MISMO working group is leading the effort for a new reverse mortgage standard
– Target date set for January 2025 by Mortgage Cadence
– Goal is to enhance and simplify the reverse mortgage process for all parties involved
– Industry experts and stakeholders are collaborating to achieve this common objective
You can read this full article at: https://www.housingwire.com/articles/mismo-working-group-targets-january-for-new-reverse-mortgage-standard/(subscription required)
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