In his latest column for CBS MarketWatch, retirement expert Steve Vernon highlighted a recent survey of workers in 26 countries by Natixis Global Asset Management in which nearly half of the respondents said receiving an inheritance will be part of their retirement plan. And more than three-fourths said they were counting on family support to help fund … more Misguided Thinking About Retirement
Thanks to advances in health and longevity, 50 million households—one out of every three—will be headed by older adults by 2035, including 16 million households headed by those over age 80, according to the annual State of the Nation’s Housing report published by Harvard’s Joint Center for Housing Studies. “The magnitude of growth in older … more Older Homeowners To Account For 1 Out Of 3 Households By 2035
Housing Wealth for Homeowners 62 and Older Grew 3.1% in First Quarter WASHINGTON (June 22, 2017) – The National Reverse Mortgage Lenders Association reports today that homeowners age 62 and older saw their home equity increase by a combined 3.1 percent to $6.3 trillion in the first quarter of 2017 from $6.13 trillion in Q4 … more Rising Home Values Boost Senior Home Equity to $6.3 Trillion in Q1 2017
FHA Info #17-27 was published this week as a reminder to mortgagees and appraisers that they must have and maintain a valid user ID for FHA Connection (FHAC) to access the Electronic Appraisal Delivery portal. Individuals who have not signed on to FHAC for 90 days lose their user ID and must be reinstated by … more Resolving Common Challenges When Using the Electronic Appraisal Delivery Portal
The HMBS market shrank again in May, with a huge prepayment wave outweighing an otherwise strong month of new issuance. Nearly 2% of outstanding HMBS supply paid off as HMBS prepayments exceeded $1 billion for the first time. Issuers created 111 pools in May totaling over $768 million. April issuance divided into 48 original pools … more May Prepayments Shrink HMBS Again – Prepayments May Again Shrink HMBS
Today, as part of World Elder Abuse Awareness Day (WEAAD), NRMLA and the National Aging in Place Council launched new consumer webpages to help older adults, and their loved ones, recognize the signs of abuse and report instances of financial fraud and exploitation to the appropriate authorities. Through their combined audience of more than 36,000 monthly … more NRMLA and NAIPC Help Seniors Identify, Report Financial Fraud with New Online Resources
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The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
A new report released by AARP International examines the preparedness levels of 12 nations – Brazil, Canada, China, Germany, Israel, Japan, Korea, Mexico, South Africa, Turkey, the United Kingdom and the United States – for the profound challenges their societies and economies face as their populations age. The Aging Readiness and Competitiveness (ARC) Report, conducted in conjunction with FP Analytics, examines each nation in four … more AARP Report Assesses Retirement Preparedness of 12 Nations
The HOPE NOW Alliance will conduct its third educational seminar this year in Southern California for reverse mortgage borrowers and their families on June 24 at the ONEgeneration Senior Enrichment Center in Reseda, a neighborhood in the San Fernando Valley in Los Angeles. The HOPE NOW Alliance is partnering with ClearPoint Credit Counseling Solutions in … more Next HOPE NOW Event in California Scheduled for June 24