By Weiner Brodsky Kider, PC The full D.C. Circuit Court of Appeals on Wednesday reinstated a three-judge panel’s decision holding that the CFPB’s interpretation of Section 8 of the Real Estate Settlement Procedures Act (RESPA) is contrary to law and violated PHH’s due process rights. By reinstating the panel’s unanimous decision regarding RESPA, the court … more Full D.C. Circuit Rejects CFPB Interpretation of RESPA, But Upholds Agency Structure
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
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Deferring Social Security past the age of 66 by three to six months has the same impact on a person’s retirement standard of living as saving an additional one-percentage point of labor earnings for 30 years. In other words, a 49 year-old person making $113,000 a year could take the drastic step of upping his … more New Research Highlights Benefits of Delaying Retirement
The growing popularity of health savings accounts (HSAs), increased consumer education around de-accumulation strategies, and nationally mandated retirement savings plans are just some of the issues that retirement experts are keeping a watchful eye on in 2018, according to WealthManagement.com contributing writer Ed McCarthy in his article, 2018 Outlook: Retirement Plan Trends to Watch. “The … more Wealth Managers Forecast 2018 Trends
The government shutdown does not not impact your clients’ ability to receive monthly payments or access funds from their lines of credit. However, FHA will stop insuring new HECM reverse mortgages until the government reopens. Lenders can still close loans with the understanding that they won’t be insured until a later date. In general, FHA … more What the Government Shutdown Means for the HECM Program
A new policy paper authored by Brookings Institute senior fellow Louise Sheiner, titled The Long-Term Impact of Aging on the Federal Budget, examines the effects of an aging population on federal spending on entitlement programs and the implications for the country’s overall debt burden, interest rates and productivity. In just 20 years, Americans age 65 … more New Study Evaluates Impact of Aging on Federal Budget
Reverse mortgages should be one of the tools that retirees and their financial advisers consider on a case-by-case basis when evaluating options for improving retirement security, according to a new study published by the Stanford Center on Longevity, in coordination with the Society of Actuaries, titled Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and … more Stanford Research Advocates Reverses For Consumers Evaluating Retirement Income Options
The Consumer Financial Protection Bureau said this week that it will be issuing a “call for evidence” in the coming weeks to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. The CFPB will publish in the Federal Register a series of Requests for Information (RFIs) seeking comment on enforcement, … more CFPB Seeks Public Input On Its Policies and Practices
Lawmakers have until midnight tomorrow to pass a continuing resolution that keeps the government open until a longer-term spending plan can be approved. If a shutdown occurs, it will not impact your clients’ ability to receive monthly payments or access funds from their lines of credit. However, FHA will stop insuring new HECM reverse mortgages … more HECMs and a Looming Government Shutdown