Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Industry News & Reference
Valverde Resigning as Acting Ginnie Mae President
Ginnie Mae announced last week that Acting President Sam Valverde will be stepping down effective November 30, 2024. Senior Vice President and Chief Risk Officer Gregory Keith will … more Valverde Resigning as Acting Ginnie Mae President
America’s 30 Safest and Wealthiest Retirement Towns
GoBankingRates.com ranked America’s safest and wealthiest retirement towns based on violent and property crime statistics, average retirement income for persons aged 65+, property values and a livability score. … more America’s 30 Safest and Wealthiest Retirement Towns
Highlights From FHA’s Annual Report to Congress
For a fourth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2024 Annual … more Highlights From FHA’s Annual Report to Congress
How AI Can Help Modernize Pension and Retirement Systems
The world is going through a seismic demographic transition, as populations age and traditional workforces shrink, prompting challenges for retirement systems that need to adapt to remain resilient. … more How AI Can Help Modernize Pension and Retirement Systems
Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
A new survey published by global financial services firm Principal Financial Group reveals strong retirement savings habits among middle-income households earning between $50,000-$99,999 annually. By the numbers: Seventy-seven … more Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
Noteworthy 2024 Retirement Statistics
DepositAccounts, a personal finance web site affiliated with LendingTree, reported that the average 401(k) balance in the second quarter of 2024 was $127,100, while the average Individual Retirement … more Noteworthy 2024 Retirement Statistics
Two-Thirds of Seniors Rely on Social Security for More Than Half Their Income
A survey conducted by The Senior Citizens League, a non-profit that advocates for increased Social Security benefits, found that 27 percent of older Americans rely solely on Social … more Two-Thirds of Seniors Rely on Social Security for More Than Half Their Income
How the Elections Could Impact Retirement Policy Issues
Ted Godbout, writer/editor for the American Retirement Association, reports that the possibility of Republicans controlling the Executive Branch, as well as both chambers of Congress, could have significant … more How the Elections Could Impact Retirement Policy Issues
FHA Issues New Flood Risk Management Standards for New Construction
Under the guidelines published in Mortgagee Letter 2024-20, all newly constructed dwellings located within the 1-percent-annual-chance (100-year) floodplain must be built at least two feet above the base … more FHA Issues New Flood Risk Management Standards for New Construction
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