In anticipation of the transition away from LIBOR in 2021, NRMLA’s outside counsel, Weiner Brodsky Kider PC, published a comprehensive article that highlights efforts underway by the Alternative … more LIBOR Transition: Its History and Potential Issues Going Forward
Reference Section
Waters Introduces COVID-19 Bill That Helps HECM Borrowers
Financial Services Committee Chairwoman Maxine Waters (D-CA) introduced the Emergency Housing Protections and Relief Act (H.R. 7301) this week to protect renters and homeowners, including reverse mortgage borrowers, … more Waters Introduces COVID-19 Bill That Helps HECM Borrowers
65+ Population Grows By 34 Percent Over Past Decade
U.S. Census Bureau statistics released this week show the nation’s 65-and-older population grew by over a third (34.2 percent or 13,787,044) during the past decade and by 3.2 … more 65+ Population Grows By 34 Percent Over Past Decade
FHA Extends Exterior-Only Appraisals Through August 31
The Department of Housing and Urban Development has just announced the re-extension of exterior-only appraisals through August 31, 2020. Details were provided in Mortgagee Letter 2020-20. The re-extension … more FHA Extends Exterior-Only Appraisals Through August 31
How Exposed Are Retirement Savings to Market Risk?
Market shocks are a growing concern to more than half of U.S. households who now own equities, mainly due to the shift from traditional pensions to 401(k) plans, … more How Exposed Are Retirement Savings to Market Risk?
TD Ameritrade: 71 Percent of Americans Predict Retirement Plan Changes
Due to Covid-19, 71 percent of Americans anticipate the pandemic to impact their retirement plans, with Gen X expecting to be hit the most (76 percent), according to … more TD Ameritrade: 71 Percent of Americans Predict Retirement Plan Changes
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CFPB Launches Pilot Advisory Opinion Program
The Consumer Financial Protection Bureau launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The pilot AO program will allow … more CFPB Launches Pilot Advisory Opinion Program
Foreclosure and Eviction Moratorium Extended to August 31
The Federal Housing Administration extended its foreclosure and eviction moratorium through August 31, 2020. The announcement was made in Mortgagee Letter 2020-19. This guidance is applicable to all … more Foreclosure and Eviction Moratorium Extended to August 31
Can Older Workers Work from Home?
A new issue brief from the Center for Retirement Research at Boston College finds that while older workers are well-situated to work from home and stay protected from … more Can Older Workers Work from Home?