Baby boomers nearing retirement age don’t want to kick up their feet and relax through their sunset years. Instead, most of them want to continue working, but just … more Boomers Favor Semi-Retirement with a Flexible Work Schedule
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Employee Confidence With Finances Hits Four-Year High
American workers’ confidence in their personal financial situation is at its highest level since 2018, according to John Hancock Retirement’s 8th annual Stress, Finances and Well-Being report. As … more Employee Confidence With Finances Hits Four-Year High
2021 Full Year HMBS Issuer League Tables – Portfolio Sale Upends the Rankings
Reverse Mortgage Funding became the #1 HMBS issuer in 2021, with $4.09 billion issued and near 31% market share, due in part to its acquisition of AAG’s HMBS … more 2021 Full Year HMBS Issuer League Tables – Portfolio Sale Upends the Rankings
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HUD Extends HECM Handbook Comment Period
The Federal Housing Administration extended the deadline for submitting comments on the draft HECM Handbook through January 31, 2022. Details were announced in FHA Info #21-113. The draft … more HUD Extends HECM Handbook Comment Period
Kiplinger: 84% of Savers Say They’re On Track to Retire Comfortably
The news isn’t all bad when it comes to retirement preparation. According to a new national poll conducted by Kiplinger, in partnership with money management firm Personal Capital, … more Kiplinger: 84% of Savers Say They’re On Track to Retire Comfortably
McCargo Confirmed by Senate to Head Ginnie Mae
The Senate confirmed Alanna McCargo as the next president of Ginnie Mae. McCargo, who had served as senior advisor for housing finance in the Department of Housing & … more McCargo Confirmed by Senate to Head Ginnie Mae
In-Person Counseling to Resume In Massachusetts
The Massachusetts Division of Banks has notified licensees that in-person counseling will resume for reverse mortgages “originated from December 15, 2021.” The Division of Banks is defining “originated … more In-Person Counseling to Resume In Massachusetts
How Has COVID-19 Affected Older Workers’ Labor Force Participation?
A new Issue Brief published by the Boston College Center for Retirement Research finds that the share of workers aged 55 and over who left the workforce changed … more How Has COVID-19 Affected Older Workers’ Labor Force Participation?
CFPB Issues Final Rule to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) published a final rule that facilitates the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes … more CFPB Issues Final Rule to Facilitate Transition from LIBOR