The Federal Housing Administration introduced an online training module to highlight policy updates in the HECM section of the Single-Family Handbook 4001.1. During the 27-minute presentation, HUD officials … more HECM Handbook Training Module
Reference Section
Fed Report Shows 401(k) Holdings Increased 42 Percent Since 2019
Despite COVID and the economic disruption that it caused, the Federal Reserve’s 2022 Survey of Consumer Finances (SCF) found that the median 401(k) balance for working households nearing … more Fed Report Shows 401(k) Holdings Increased 42 Percent Since 2019
GNMA Annual Report Highlights HMBS Achievements
Ginnie Mae published its Fiscal Year 2023 Annual Report to highlight its programs and accomplishments from the past year, including steps taken to alleviate liquidity pressures that impacted … more GNMA Annual Report Highlights HMBS Achievements
Fidelity: More Workers Taking Money From 401(k)s to Pay Bills
While retirement savings behaviors remain strong, Fidelity Investments® reported an uptick in hardship withdrawals and 401(k) loans in its Q3 2023 retirement analysis as workers struggle with short-term … more Fidelity: More Workers Taking Money From 401(k)s to Pay Bills
The Challenges Caring For An Aging Population
The number of households headed by a person aged 80 and over will more than double to nearly 17 million between 2021 and 2040. However, the United States … more The Challenges Caring For An Aging Population
HUD Updates HECM Servicing Policies
The Federal Housing Administration implemented numerous servicing policy changes that are designed to improve the HECM program’s financial stability and overall performance. Details were provided in Mortgagee Letter … more HUD Updates HECM Servicing Policies
Study: Retirement Investors Inaccurately Predict Life Expectancy
Jackson National Life Insurance Company, in partnership with the Center for Retirement Research at Boston College, published a study on how retirees and financial professionals perceive retirement risk … more Study: Retirement Investors Inaccurately Predict Life Expectancy
Health of HECM Program Remains Positive In FY23
For a third 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 2023 Annual … more Health of HECM Program Remains Positive In FY23
Closing the Retirement Coverage Gap
The Center for Retirement Research at Boston College published its 2023 Small Business Retirement Survey to better understand why smaller firms do or do not offer retirement savings … more Closing the Retirement Coverage Gap
FHA Connection Updated to Accommodate ADU Processing
The enhancements to FHA Connection follow the recent publication of Mortgagee Letter 2023-17, which updated Financial Assessment guidelines to permit income from Accessory Dwelling Units to be used … more FHA Connection Updated to Accommodate ADU Processing
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