Federal and state financial regulators and the Financial Crimes Enforcement Network (FinCEN) issued a statement that offers best practices for combatting elder financial exploitation. Why it matters: A … more Agencies Issue Statement on Elder Financial Exploitation
Reference Section
Transamerica Survey Highlights Positive Parts of Retirement and Challenges
A new study — titled “Retiree Life in the Post-Pandemic Economy” — examines the health and well-being, personal finances, and retirement security of U.S. residents who are retired … more Transamerica Survey Highlights Positive Parts of Retirement and Challenges
Mortgagees Have 36 Hours to Report Cyber Incidents
Effective immediately, Mortgagee Letter 2024-23 requires mortgagees to notify the Department of Housing and Urban Development as soon as possible — but no later than 36 hours — … more Mortgagees Have 36 Hours to Report Cyber Incidents
Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
America’s 30 Safest and Wealthiest Retirement Towns
GoBankingRates.com ranked America’s safest and wealthiest retirement towns based on violent and property crime statistics, average retirement income for persons aged 65+, property values and a livability score. … more America’s 30 Safest and Wealthiest Retirement Towns
Highlights From FHA’s Annual Report to Congress
For a fourth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2024 Annual … more Highlights From FHA’s Annual Report to Congress
How AI Can Help Modernize Pension and Retirement Systems
The world is going through a seismic demographic transition, as populations age and traditional workforces shrink, prompting challenges for retirement systems that need to adapt to remain resilient. … more How AI Can Help Modernize Pension and Retirement Systems
Member Spotlight: Garrett Duffy, Supreme Lending
To help our members get to know one another, NRMLA publishes periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. Meet Garrett Duffy, a nationally … more Member Spotlight: Garrett Duffy, Supreme Lending
Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
A new survey published by global financial services firm Principal Financial Group reveals strong retirement savings habits among middle-income households earning between $50,000-$99,999 annually. By the numbers: Seventy-seven … more Survey: 77 Percent of Middle-Income Households Actively Save for Retirement
Noteworthy 2024 Retirement Statistics
DepositAccounts, a personal finance web site affiliated with LendingTree, reported that the average 401(k) balance in the second quarter of 2024 was $127,100, while the average Individual Retirement … more Noteworthy 2024 Retirement Statistics
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