The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
Last week’s webcast on HECM for Purchase coordinated by NRMLA, and hosted by the National Association of REALTORS®, can be downloaded and shared with your Realtor friends. NRMLA collaborated with NAR to develop a webcast for Realtors that featured Scott Trembley, CEO of The Trembley Group, a real estate firm based in Myrtle Beach, S.C., … more Webcast Video: Using a Reverse Mortgage to Buy a Home
U.S. households between the ages of 65 to 74 spend $15,079 a year (or 45 percent of their total median income) on home and related expenses, such as mortgage payments, property taxes and rents. But this figure can vary depending on location, according to a new study from the Employee Benefit Research Institute, titled “Geographic … more Geography Can Determine Retirement Costs
In response to a 60-Day Notice of Proposed Information Collection published on December 20 by the Department of Housing and Urban Development, NRMLA submitted comments this week on ways to enhance the quality, utility and clarity of information collected on Form HUD-92800.5B—Conditional Commitment. NRMLA proposed that the form be reduced from six to two … more NRMLA Submits Comments on Form HUD-92800.5B
To help mortgagees better understand the features and functions of the upcoming Loan Review System (LRS), the Federal Housing Administration created an Information Page on HUD.gov, archived the January 26th webinar that introduced mortgagees to LRS and organized a second webinar on March 15. FHA announced these informational details this week in FHA Info #17-08. … more Preparing for FHA’s Loan Review System
The HOPE NOW Alliance and ClearPoint Credit Counseling Solutions are co-sponsoring free educational seminars in Garden Grove, CA on March 11 and Compton, CA on April 27 for families with reverse mortgages to help with concerns and questions. The seminars are the first in a series that will be held in California throughout 2017 by … more California Workshops to Help HECM Borrowers
Seven states – California, Connecticut, Illinois, New Jersey, Maryland, Oregon and Washington – are in various stages of implementing state-sponsored retirement savings plans, according to an Associated Press article published this week. Dozens of small business owners recently gathered in Schaumburg, IL, to learn about the new state-sponsored retirement savings initiative, “Secure Choice IRA,” reported … more States Move to Help Workers Save for Retirement
NRMLA has developed a “Dear Colleague” letter that members can personalize and distribute to local Realtors encouraging them to register for the National Association of REALTORS® live webcast on Wednesday, February 22, at 2 p.m. ET, that promotes HECM for Purchase. The webcast is free and open to all real estate professionals. More details and … more Something For Your Realtor Friends
HMBS issuers began 2017 with a strong month, creating 121 pools in January totaling nearly $869 million. Production of original new loan pools was $525 million, up from December’s $515 million and much higher than January 2016’s total of $469 million. The pools divided into 57 original pools and a record 64 tail pools. The … more Winter’s Tail: Strong HMBS Issuance Ushers in New Year
The Pew Charitable Trusts recently surveyed more than 1,600 small and medium-sized business owners and managers and found that employers most often cited expense, limited administrative resources and lack of employee interest as main reasons for not offering retirement plans, according to an article published by the National Association of Plan Advisors. Nearly a quarter … more Why Don’t (More) Small Businesses Offer Retirement Plans?