For a fourth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2024 Annual … more Highlights From FHA’s Annual Report to Congress
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.
How AI Can Help Modernize Pension and Retirement Systems
The world is going through a seismic demographic transition, as populations age and traditional workforces shrink, prompting challenges for retirement systems that need to adapt to remain resilient. … more How AI Can Help Modernize Pension and Retirement Systems
Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
A new survey published by global financial services firm Principal Financial Group reveals strong retirement savings habits among middle-income households earning between $50,000-$99,999 annually. By the numbers: Seventy-seven … more Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
Noteworthy 2024 Retirement Statistics
DepositAccounts, a personal finance web site affiliated with LendingTree, reported that the average 401(k) balance in the second quarter of 2024 was $127,100, while the average Individual Retirement … more Noteworthy 2024 Retirement Statistics
From the Top: Richard Thorpe, Divisional Vice President of Reverse One, CrossCountry Mortgage
Richard Thorpe has over 33 years of experience in the mortgage industry with 20 of them being directly in the reverse mortgage space. He is a proven sales … more From the Top: Richard Thorpe, Divisional Vice President of Reverse One, CrossCountry Mortgage
Two-Thirds of Seniors Rely on Social Security for More Than Half Their Income
A survey conducted by The Senior Citizens League, a non-profit that advocates for increased Social Security benefits, found that 27 percent of older Americans rely solely on Social … more Two-Thirds of Seniors Rely on Social Security for More Than Half Their Income
How the Elections Could Impact Retirement Policy Issues
Ted Godbout, writer/editor for the American Retirement Association, reports that the possibility of Republicans controlling the Executive Branch, as well as both chambers of Congress, could have significant … more How the Elections Could Impact Retirement Policy Issues
FHA Issues New Flood Risk Management Standards for New Construction
Under the guidelines published in Mortgagee Letter 2024-20, all newly constructed dwellings located within the 1-percent-annual-chance (100-year) floodplain must be built at least two feet above the base … more FHA Issues New Flood Risk Management Standards for New Construction
Women Believe They Need This Amount to Retire
The survey conducted by the Transamerica Center for Retirement Studies finds that women workers believe they will need to have saved $500,000 by the time they retire to … more Women Believe They Need This Amount to Retire
Treasury Stresses SECURE 2.0 in Financial Inclusion Plan
To help foster financial well-being for all, but especially lower-income and minority households, the U.S. Department of the Treasury released a report commissioned by Congress that recommends federal … more Treasury Stresses SECURE 2.0 in Financial Inclusion Plan
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