How the Rich Prepare for Retirement

A new UBS Wealth Management Americas survey found that affluent retirees left the workforce only after accumulating a certain level of assets, invested more heavily in stocks compared to prior generations and conducted lifestyle planning to ensure they remained active and happy. That’s according to Money’s retirement columnist, Walter Updegrave, who discussed these key survey takeaways in … more How the Rich Prepare for Retirement

New Interactive Retirement Tool

The Center for Retirement Research at Boston College unveiled a new interactive program, called Target Your Retirement, that helps near retirees develop reasonable plans for maintaining their standard of living in retirement. With user inputs, the program calculates an income target and estimates how close the user is to hitting it. Target then lets users adjust three … more New Interactive Retirement Tool

Reverse Mortgages Offer Solution to Pay for Family Caregiving

Millions of retirees will receive long-term care – not from an assisted living facility or home care agency, but from their adult children – and a reverse mortgage could provide needed funds to pay for such services, according to an article that appeared on ThinkAdvisor.com, entitled Preparing Clients for Family Caregiving. While family caregiving is … more Reverse Mortgages Offer Solution to Pay for Family Caregiving

Employer Retirement Contributions Fall

Bloomberg reported this week that U.S. employers cut their contributions to workers’ retirements by a quarter from 2001 to 2015, according to a report by the consulting firm Willis Towers Watson. The biggest driver: the decline of traditional defined-benefit pensions, replaced by stingier, 401(k)-style, defined-contribution plans. Retirement benefits—including employer contributions to pensions, 401(k)s and retiree … more Employer Retirement Contributions Fall

NRMLA Webinar Featured in Squared Away Blog on Home Modifications

Published through the Center for Retirement Research at Boston College, today’s Squared Away Blog post addressed the growing desire of aging Americans to upgrade their home environments so that they can age in place – and how a reverse mortgage can pay for these renovations. In her article Retrofitting Your Home for Old Age, Squared … more NRMLA Webinar Featured in Squared Away Blog on Home Modifications

HUD Secretary Focuses on HECM in Keynote Speech

Speaking before LeadingAge Florida, one of the state’s oldest and largest senior advocacy groups this week, Housing Secretary Ben Carson underscored his commitment to supporting HUD programs, such as the Home Equity Conversion Mortgage, that promote healthy living and financial independence. He acknowledged the growing popularity of reverse mortgages but also the challenges caused by … more HUD Secretary Focuses on HECM in Keynote Speech

CFPB Updates HMDA Loan Scenarios Guide

The Consumer Financial Protection Bureau posted an updated version of its HMDA Loan Scenarios guide that financial institutions can use as an illustrative aid to help them file Home Mortgage Disclosure Act (HMDA) data. Last week, the CFPB updated its Resources for HMDA Filers webpage by posting new versions of the Technology Preview, Filing Instructions Guide for data … more CFPB Updates HMDA Loan Scenarios Guide

HREMIC Issuance First Half 2017: A Familiar Pattern

HREMIC issuance for the first half of 2017 was $5.44 billion, eclipsing 2016’s first half issuance total of $5.43 billion, and on pace to set a fourth consecutive annual record. Second quarter volume was $2.53 billion, off 13% from the near record quarterly issuance of $2.91 billion set in 2017Q1. There were 14 transactions underwritten … more HREMIC Issuance First Half 2017: A Familiar Pattern

FHA Senior Official: HECM Key to Maintaining Senior Housing Affordability

In a recent interview with Scotsman Guide editor Will McDermott, FHA’s Acting Deputy Assistant Secretary for Single-Family Housing Robert Mulderig said the Home Equity Conversion Mortgage will play a significant role helping maintain housing affordability for American’s aging population over the next several decades. “I believe personally that programs that are going to address affordability of housing … more FHA Senior Official: HECM Key to Maintaining Senior Housing Affordability