The combined factors of an aging population, the negative impact of the current economic downturn on retirement savings and recent regulatory developments are likely to create an increased demand among seniors searching for prudent ways to supplement their incomes.

Attend MBA's Reverse Mortgage Lending Conference 2009 to get up to date on the latest developments in the reverse mortgage sector.

Mortgage Cadence Panel
Reverse Lenders Transition to Mandatory Live Pricing
Thursday, September 10th (3:15 p.m. - 4:30 p.m.)

To remain competitive in today's market, reverse mortgage lenders are feeling the pressure to embrace the new mandatory live pricing requirements recently introduced by Fannie Mae. With private investor purchasing and proprietary portfolio products in short supply, lenders will find it difficult to ignore Fannie Mae's new pricing requirements. However, incorporating the new mandatory live pricing and delivery requirements into their pricing strategy opens lenders up to exposure and increases the risk and challenge of correctly pricing and delivering loans.

As companies start to adopt this new business model, one that reflects the already familiar forward secondary market commitment and delivery process, many lenders will find themselves behind the curve when it comes to the ability, knowledge base or technological infrastructure to support this new process. Panelists discuss market drivers impacting reverse lending pricing, the challenges of mandatory live pricing, lack of experience, new business paradigm and risk exposure (potential fee increases) and explore potential solutions.