Vanguard recently examined the records of five million clients and released its annual report on the state of the nation’s habits around saving for retirement, which found that … more Vanguard Publishes Annual Retirement Saving Report
Industry News & Reference
CFPB Mentions LO Comp In Latest Supervisory Highlights
The Consumer Financial Protection Bureau (CFPB) released the Summer 2023 edition of its Supervisory Highlights this week, which included a section on loan originator (LO) compensation. In describing … more CFPB Mentions LO Comp In Latest Supervisory Highlights
Americans Challenged With Saving For Retirement and College
Another recent survey, this one from the Society of Actuaries (SOA), found that a significant percentage of American workers and retirees are sacrificing their retirement security to pay for … more Americans Challenged With Saving For Retirement and College
Poll: 1 in 5 Americans Don’t Think They’ll Ever Retire
A recent poll of 1,238 Americans 18 and older conducted by Axios-Ipsos found that many who haven’t yet retired say they are unprepared for retirement, unsure how to prepare, and … more Poll: 1 in 5 Americans Don’t Think They’ll Ever Retire
HUD Updates Processes for HECM Borrower Payments
The Federal Housing Administration today published Mortgagee Letter 2023-15 to improve FHA’s ability to make prompt payments in the event of a mortgagee default and to ensure that HECM borrowers receive … more HUD Updates Processes for HECM Borrower Payments
Should Social Security Invest In Equities?
In a new Issue Brief, researchers at the Center for Retirement Research examined the idea of investing some of the Social Security trust fund’s assets in equities to maintain … more Should Social Security Invest In Equities?
Reverse Mortgages Eligible for Hawaii’s HAF Program
Hawaii Governor Josh Green announced this week that reverse mortgage borrowers are now eligible for the state’s Housing Assistance Fund program, and he increased to $60,000 the maximum amount that eligible … more Reverse Mortgages Eligible for Hawaii’s HAF Program
T. Rowe Price: SECURE 2.0 Could Boost Financial Wellness For Retirement Savers
T. Rowe Price published a white paper focused on how the primary sources of financial stress—specifically, the lack of emergency savings and the burden of student loan debt—can … more T. Rowe Price: SECURE 2.0 Could Boost Financial Wellness For Retirement Savers
CFPB: Reverse Mortgages Represent Two Percent of Complaints
Out of 29,100 mortgage-related complaints submitted to the Consumer Financial Protection Bureau in 2022, approximately 400, or two percent, were brought against reverse mortgage companies, according to the … more CFPB: Reverse Mortgages Represent Two Percent of Complaints
Highlights From State of the Nation’s Housing Report
The Joint Center for Housing Studies at Harvard released its annual State of the Nation’s Housing Report this week. Here are a few highlights: The homeownership rate for … more Highlights From State of the Nation’s Housing Report
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