A record 12.5 million senior households are spending at least 30 percent of their income on housing, U.S. Census data shows – up from 9.3 million a decade … more High Housing Costs Disproportionately Impact Older Homeowners
Industry News & Reference
65+ Workforce Is Growing the Fastest—Loan Officers, Counselors and Realtors Impacted
Between 2014 and 2025, American workers age 65 and older grew more than 40 percent – the biggest jump of any age group – rising from eight million … more 65+ Workforce Is Growing the Fastest—Loan Officers, Counselors and Realtors Impacted
LendingTree: Home Insurance Rate Hikes Are Outpacing Both Inflation and Income Growth
Research published by LendingTree finds that, from 2020 through 2025, home insurance rates rose 45.8 percent nationally, compared with a 26.1 percent inflation rate. That’s a 19.7 percentage … more LendingTree: Home Insurance Rate Hikes Are Outpacing Both Inflation and Income Growth
FHA Streamlines Case Number Assignment Process for Condo Single-Unit Approval
The Federal Housing Administration is updating FHA Connection (FHAC) to simplify and speed up the process for assigning case numbers to units in condominium projects eligible for single-unit … more FHA Streamlines Case Number Assignment Process for Condo Single-Unit Approval
TN Governor Signs Bill Paving Way For Prop Products
Tennessee Governor Bill Lee signed legislation (HB 2382) into law this week authorizing the approval of proprietary reverse mortgages in the state. The law took immediate effect. Why … more TN Governor Signs Bill Paving Way For Prop Products
State-Run IRAs Hit Record Savings and Worker Participation Levels
YahooFinance reported this week that state-sponsored Individual Retirement Accounts (IRAs) reached a significant milestone as more than one million workers across 15 states have now saved $3 billion … more State-Run IRAs Hit Record Savings and Worker Participation Levels
HUD OIG Highlights LESA Concerns
An audit conducted by HUD’s Inspector General on the effectiveness of Life Expectancy Set-Asides has concluded that an estimated 1,237 HECM borrowers are at risk of seeing their … more HUD OIG Highlights LESA Concerns
Study: Boomers Reluctant to Talk Finances With Kids
A recent article in the Wall Street Journal highlights that Baby Boomers are sitting on an estimated $110 trillion in wealth while that number is closer to $46.2 … more Study: Boomers Reluctant to Talk Finances With Kids
Society of Actuaries Publishes Retirement Risk Survey Findings
The Society of Actuaries’ biennial Retirement Risk Survey reveals Americans are facing growing challenges when it comes to retirement security, with inflation, caregiving responsibilities and unexpected financial shocks … more Society of Actuaries Publishes Retirement Risk Survey Findings
Life & Money: Retirement Security in the USA
Just under 60 percent of U.S. residents believe they’re building or have built a large enough retirement nest egg—up slightly from 55 percent in 2020. That’s according to … more Life & Money: Retirement Security in the USA
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