A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the … more Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
Senate Committee Holds Hearing on Stopping Senior Scams
The U.S. Senate Special Committee on Aging held a hearing recently titled “Stopping Senior Scams: Empowering Communities to Fight Fraud.” Ranking Member Tim Scott (R-SC) and Chairman Bob Casey … more Senate Committee Holds Hearing on Stopping Senior Scams
Study: Americans Need $1.25 Million to Retire Comfortably
The latest findings from Northwestern Mutual’s 2022 Planning & Progress Study reveal that U.S. adults aged 18+ anticipate they will need $1.25 million to retire comfortably, a 20 percent rise … more Study: Americans Need $1.25 Million to Retire Comfortably
From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home Mortgage
In the mid-2000s, Mark Reeve co-owned a mortgage brokerage company in southern California that sold forward mortgages to Plaza Home Mortgage, Inc., San Diego. When Reeve closed shop … more From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home Mortgage
Report: Almost Half of Baby Boomers Still Working Past Age 70
A new survey from the Transamerica Center for Retirement Studies® finds almost half of Baby Boomer workers (49 percent) expect to or already are working past age 70 … more Report: Almost Half of Baby Boomers Still Working Past Age 70
HUD Publishes Proposed Rule on LIBOR Transition
The U.S. Department of Housing and Urban Development published a proposed rule this week that would replace the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate … more HUD Publishes Proposed Rule on LIBOR Transition
Report Highlights Pandemic Innovations For Older Adults
A new report published by the Joint Center for Housing Studies and The Hastings Center highlights lessons and innovations learned from the COVID pandemic that could become … more Report Highlights Pandemic Innovations For Older Adults
Member Spotlight: Sharron Eastman, Big Horizon Mortgage
To help our members get to know one another, Weekly Report will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. In this issue, … more Member Spotlight: Sharron Eastman, Big Horizon Mortgage
Study: Retiring By 65 Will Be a Challenge For Many Americans
The Stanford Center on Longevity (SCL), in partnership with Finance of America Reverse, published a new study, titled “Disconnected: Perceptions vs. Reality in Retirement Planning,” that finds … more Study: Retiring By 65 Will Be a Challenge For Many Americans
U.S. Drops to 18th Place in Global Retirement Rankings
Rising inflation and a volatile stock market contributed to the United States falling from 17th to 18th place among the top 44 industrialized nations in the 2022 Global Retirement Index … more U.S. Drops to 18th Place in Global Retirement Rankings
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