Nov/Dec 2023 RMM

as the Baby Boomer generation reaches retirement age. These individuals may face difficulties with daily activities, such as transportation, meal preparation and home maintenance—all of which have a direct impact on their overall health and wellness.” The resource guide includes information on what to consider to successfully age in place, organizations that can help, and links to programs and resources. Access the resource guide at Former Ginnie Mae President Offers Way to Protect Issuer Liquidity NRMLA has worked closely with the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration (FHA) over the previous year to recommend policies that will help address liquidity challenges still present in the marketplace. Ted Tozer, who served as president of Ginnie Mae from 2010 to 2017 and is now a nonresident fellow at the Urban Institute, published a white paper on August 2 that offers a solution to enhance the liquidity of issuers of FHA-insured forward mortgages and reverse mortgages during economic disruptions to avoid future bankruptcies. “To ensure independent mortgage banks (IMBs)— which are critical actors in the lending market—don’t collapse during the next major recession, Ginnie Mae can consider guaranteeing short-term IMB funding,” Tozer says. “Guaranteeing short-term IMB obligations would ensure adequate funding during times of market stress and would encourage banks to continue to lend to their nonbank counterparts.” To relieve some of the pressure on IMBs, Ginnie Mae could use federally backed mortgages as collateral. You can read the white paper at Axios/Ipsos Poll: One in Five Americans Don’t Think They’ll Retire A lot of polling is done to assess Americans’ state of retirement preparedness. Most results say the same Hey, Members Hey, Members continued from page 7 8 REVERSE MORTGAGE / NOVEMBER–DECEMBER 2023