The Department of Housing and Urban Development published a notice in the Federal Register that announced its intention to sell 1,265 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
Reference Section
GNMA Expands ESG Disclosures to HMBS Pools
Ginnie Mae announced an additional expansion of its Low-to-Moderate Income (LMI) disclosure initiative to include pool-level data for its HECM Mortgage-Backed Securities (HMBS) program. Ginnie Mae’s new HMBS … more GNMA Expands ESG Disclosures to HMBS Pools
New Magic Number for Retirement is $1.46 Million
Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of … more New Magic Number for Retirement is $1.46 Million
Tracking State Legislation
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CFPB: Reverse Mortgages Represent Two Percent of Complaints
Out of 27,99 mortgage-related complaints submitted to the Consumer Financial Protection Bureau in 2023, approximately 400, or two percent, were brought against reverse mortgage companies, according to the … more CFPB: Reverse Mortgages Represent Two Percent of Complaints
Face-to-Face Counseling Resumes in MA…For Now
As of Monday, April 1, face-to-face counseling has resumed in Massachusetts. A moratorium that was in place for the past year that allowed for telephone and video counseling … more Face-to-Face Counseling Resumes in MA…For Now
HUD Solicits Feedback on HECM Application and Origination Documents
The Department of Housing and Urban Development published a notice in the Federal Register seeking feedback on certain documents that must be used in connection with HECM applications … more HUD Solicits Feedback on HECM Application and Origination Documents
Blackrock CEO Highlights Global Retirement Crisis
Larry Fink, whose company manages $10 trillion in assets (half of which are for retirement), challenged government and business leaders to come together to fix a looming retirement … more Blackrock CEO Highlights Global Retirement Crisis
More Counties Saw Population Gains in 2023
Sixty percent (1,876) of U.S. counties gained population from 2022 to 2023, an increase from the 52% of counties (1,649) that experienced population growth between 2021 and 2022, … more More Counties Saw Population Gains in 2023
Preretirement Withdraws Might Explain Retirement Savings Gap
A new study published by the Collaborative for Equitable Retirement Savings finds that Black and Hispanic workers withdraw a larger portion of their account balances before retirement. The … more Preretirement Withdraws Might Explain Retirement Savings Gap
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