The latest findings from Northwestern Mutual’s 2022 Planning & Progress Study reveal that U.S. adults aged 18+ anticipate they will need $1.25 million to retire comfortably, a 20 percent rise … more Study: Americans Need $1.25 Million to Retire Comfortably
Reference Section
From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home Mortgage
In the mid-2000s, Mark Reeve co-owned a mortgage brokerage company in southern California that sold forward mortgages to Plaza Home Mortgage, Inc., San Diego. When Reeve closed shop … more From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home Mortgage
Report: Almost Half of Baby Boomers Still Working Past Age 70
A new survey from the Transamerica Center for Retirement Studies® finds almost half of Baby Boomer workers (49 percent) expect to or already are working past age 70 … more Report: Almost Half of Baby Boomers Still Working Past Age 70
HUD Publishes Proposed Rule on LIBOR Transition
The U.S. Department of Housing and Urban Development published a proposed rule this week that would replace the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate … more HUD Publishes Proposed Rule on LIBOR Transition
Report Highlights Pandemic Innovations For Older Adults
A new report published by the Joint Center for Housing Studies and The Hastings Center highlights lessons and innovations learned from the COVID pandemic that could become … more Report Highlights Pandemic Innovations For Older Adults
Member Spotlight: Sharron Eastman, Big Horizon Mortgage
To help our members get to know one another, Weekly Report will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. In this issue, … more Member Spotlight: Sharron Eastman, Big Horizon Mortgage
Study: Retiring By 65 Will Be a Challenge For Many Americans
The Stanford Center on Longevity (SCL), in partnership with Finance of America Reverse, published a new study, titled “Disconnected: Perceptions vs. Reality in Retirement Planning,” that finds … more Study: Retiring By 65 Will Be a Challenge For Many Americans
U.S. Drops to 18th Place in Global Retirement Rankings
Rising inflation and a volatile stock market contributed to the United States falling from 17th to 18th place among the top 44 industrialized nations in the 2022 Global Retirement Index … more U.S. Drops to 18th Place in Global Retirement Rankings
Helping Your Clients After a Natural Disaster
If you have clients in Puerto Rico or Florida, please consider sharing the Consumer Financial Protection Bureau’s consumer guide, Your Reverse Mortgage After a Natural Disaster. The resource guide … more Helping Your Clients After a Natural Disaster
Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
The Society of Actuaries, in partnership with Financial Finesse, a financial wellness firm, published the “Late-in-Life Decisions Guide” to help aging individuals navigate life’s changes and to … more Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
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