The Federal Housing Administration has just announced new protections for eligible non-borrowing spouses, including for cases where a HECM borrower has resided in a healthcare facility for more … more FHA Expands Protections for Eligible NBS
Industry News & Reference
HMBS April 2021: April Showers of HMBS
HMBS issuers posted a very strong April with nearly $1.1 billion in new issuance, the second month of the post-LIBOR era. February 2021 was the last month in … more HMBS April 2021: April Showers of HMBS
What Is the Average Retirement Savings By State?
In a new study, Personal Capital scanned the country to find out how people’s retirement savings stacked up. Researchers analyzed the retirement accounts of its 2.8 million dashboard … more What Is the Average Retirement Savings By State?
NY Times: 68.4 Percent of 55+ Households In Debt, But Solutions Exist
The Employee Benefit Research Institute says the share of households headed by someone 55 or older with debt — from credit cards, mortgages, medical bills and student loans … more NY Times: 68.4 Percent of 55+ Households In Debt, But Solutions Exist
Op-ed: More Boomers ‘Upsizing’ Their Homes in Retirement
Fueled by low interest rates and strong stock market returns, an increasing percentage of retirees are bucking a long-time trend and buying bigger homes in retirement, according to … more Op-ed: More Boomers ‘Upsizing’ Their Homes in Retirement
NRMLA Submits Servicing and LIBOR Transition Comments to HUD
NRMLA submitted two sets of comments to the Department of Housing and Urban Development this week, one letter confirming that certain HUD forms once used by servicers are … more NRMLA Submits Servicing and LIBOR Transition Comments to HUD
Experts Discuss Post-COVID Retirement Trends
In his latest column, retirement expert Robert Powell summarized key takeaways from a recent Merrill Lynch Wealth Management webinar that highlighted how the COVID-19 pandemic has accelerated many trends … more Experts Discuss Post-COVID Retirement Trends
State Update: MN Amends Reverse Mortgage Servicing Requirements
Minnesota Governor Tim Walz recently signed into law House File 333 (HF 333), which amends the state’s reverse mortgage loan statute to, among other things, require reverse mortgage … more State Update: MN Amends Reverse Mortgage Servicing Requirements
CFPB Rescinds COVID Supervisory Policy Statements
Since most financial institutions have overcome workplace and customer service challenges initially created by COVID-19, the Consumer Financial Protection Bureau announced it would begin exercising its full supervisory … more CFPB Rescinds COVID Supervisory Policy Statements
FHA Projects Solid Performance for FY21 HECMs
In its quarterly report to Congress on the status of the Mutual Mortgage Insurance Fund, the Federal Housing Administration forecasted Home Equity Conversion Mortgages endorsed this year to … more FHA Projects Solid Performance for FY21 HECMs
[Page 28 of 31 ]