Tomorrow, September 8th, mortgage lenders, secondary market experts, and bank executives from all over the country will gather at the Houston Post Oak Hilton to discuss the policies that will affect reverse mortgage lending in the future.
Hosted by the Texas Mortgage Bankers Association and NRMLA, this day-long event is designed to give lending professionals important information regarding the future of reverse mortgages, including:
• Reverse Mortgage trends and public policy updates.
• Reverse Mortgage counseling options for consumers.
• Financial Assessments.
"As more American’s are forced to deal with stock market fluctuations and expanding health care costs, reverse mortgages will continue to take on a greater significance," said Scott Norman, Chairman of Reverse Mortgage Day.
Since the first reverse mortgage was offered in Texas eleven years ago, the Lone Star State has already become the second largest reverse mortgage lending state in the country with over $4 billion funded to senior homeowners. In addition, Texas is showing the best potential, among all states, for unit volume expansion over the next five years.
"The overwhelming growth we're seeing in Texas reinforces our belief that reverse mortgages remain a safe, cost effective and important retirement option for senior homeowners as they evaluate their financial plans," added Norman.
More information about this event can be found at www.texasmba.org