The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end … more What Do I Do When My Loan is Due?
HUD’s Office of Housing Counseling contacted NRMLA this week and asked us to remind members that lenders are not permitted to collect a fee or take a final … more Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
New data from the Center for Retirement Research at Boston College shows a decline over the past two decades in the percentage of 62-year-olds claiming Social Security benefits … more Early Claiming of Social Security Declines
Yahoo Finance published a state-by-state listing that included average retirement ages, dollar amounts needed annually to live a comfortable retirement and retirement savings needed. Although “full retirement age” for Social Security … more Retirement Numbers By State
The Federal Housing Administration implemented enhancements to the FHA Catalyst: Case Binder Module that will enable mortgagees to more quickly, securely and accurately deliver case binders for single-family … more FHA Announces Catalyst Enhancements for HECM
Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according to the … more Fidelity: Number of 401(k) and IRA Millionaires Hits Record
If you have a client with an underage spouse who’s not on the reverse mortgage, it may still be possible for that person to continue living in the … more Servicing Corner: Who Qualifies As An Eligible Non-Borrowing Spouse?
New research from Fidelity forecasts the average 65-year-old couple will spend $300,000 on healthcare in retirement, while the 2021 estimate for singles is $157,000 for women and $143,000 for … more Fidelity: Projected Healthcare Expenses Reach Record High
Couples need between $650,000 and $860,000 in savings to remain financially independent in retirement, according to a new article from Motley Fool reporter Ryan Downey. Downey says the … more Motley Fool: Couples Need At Least $650,000 to Retire
As life gets back to normal and the economy continues its recovery, the outlook among retirees and workers concerning their financial future remains optimistic. The Employee Benefit Research … more EBRI Survey: Americans More Optimistic About Financial Future