The Biden Administration released appendices to its Fiscal Year 2024 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program for the … more White House Budget Forecasts Strong HECM Performance
Legislative Analysis and Commentary
Retirement Expert Jamie Hopkins Discusses Secure 2.0
On December 30, the Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act – a bill featuring more than 100 provisions aimed at modernizing and improving the … more Retirement Expert Jamie Hopkins Discusses Secure 2.0
5 Ways the Inflation Reduction Act Impacts Older Americans
It may take a few years, but Medicare recipients will start paying less for some prescription drugs and out-of-pocket costs for medications will be capped annually at $2,000, … more 5 Ways the Inflation Reduction Act Impacts Older Americans
Congress to Debate Retirement Savings Bills
Expanding access to retirement savings accounts remains a hugely popular issue for congressional lawmakers from both parties. When they return from their summer recess in September, lawmakers will … more Congress to Debate Retirement Savings Bills
HECM Cap Language Included In THUD Appropriations Bills
Language that allows the Federal Housing Administration to continue insuring Home Equity Conversion Mortgages was included in a package of six appropriations bills that passed the House of … more HECM Cap Language Included In THUD Appropriations Bills
Senate Confirms Julia Gordon As FHA Commissioner
By a vote of 51-50, the Senate last evening confirmed Julia Gordon as the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. Vice President Kamala Harris provided the … more Senate Confirms Julia Gordon As FHA Commissioner
LIBOR Transition Guidelines Added to Federal Spending Package
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Congress Looking to Make Further Changes to U.S. Retirement System
Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon, according to a CNBC.com … more Congress Looking to Make Further Changes to U.S. Retirement System
COVID Relief Bill Includes Funding to Help Delinquent Borrowers
The $1.9 trillion American Rescue Plan that President Biden signed last week contributes just under $10 billion to the Homeowners Assistance Fund that states will use to assist … more COVID Relief Bill Includes Funding to Help Delinquent Borrowers
Pandemic Could Reduce 3M Workers’ Social Security Benefits
As a result of the COVID-19 pandemic, about three million retired workers who turn 60 years old in 2020 will very likely have much lower lifetime Social Security … more Pandemic Could Reduce 3M Workers’ Social Security Benefits
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