If you have a client with an underage spouse who’s not on the reverse mortgage, it may still be possible for that person to continue living in the … more Servicing Corner: Who Qualifies As An Eligible Non-Borrowing Spouse?
Reference Section
Fidelity: Projected Healthcare Expenses Reach Record High
New research from Fidelity forecasts the average 65-year-old couple will spend $300,000 on healthcare in retirement, while the 2021 estimate for singles is $157,000 for women and $143,000 for … more Fidelity: Projected Healthcare Expenses Reach Record High
Motley Fool: Couples Need At Least $650,000 to Retire
Couples need between $650,000 and $860,000 in savings to remain financially independent in retirement, according to a new article from Motley Fool reporter Ryan Downey. Downey says the … more Motley Fool: Couples Need At Least $650,000 to Retire
EBRI Survey: Americans More Optimistic About Financial Future
As life gets back to normal and the economy continues its recovery, the outlook among retirees and workers concerning their financial future remains optimistic. The Employee Benefit Research … more EBRI Survey: Americans More Optimistic About Financial Future
FHA Expands Protections for Eligible NBS
The Federal Housing Administration has just announced new protections for eligible non-borrowing spouses, including for cases where a HECM borrower has resided in a healthcare facility for more … more FHA Expands Protections for Eligible NBS
HMBS April 2021: April Showers of HMBS
HMBS issuers posted a very strong April with nearly $1.1 billion in new issuance, the second month of the post-LIBOR era. February 2021 was the last month in … more HMBS April 2021: April Showers of HMBS
Scott Norman, Finance of America Reverse
While attending the University of Texas on a track and field scholarship, Scott Norman suffered an injury that ended his sports career, but that closed door opened a … more Scott Norman, Finance of America Reverse
What Is the Average Retirement Savings By State?
In a new study, Personal Capital scanned the country to find out how people’s retirement savings stacked up. Researchers analyzed the retirement accounts of its 2.8 million dashboard … more What Is the Average Retirement Savings By State?
NY Times: 68.4 Percent of 55+ Households In Debt, But Solutions Exist
The Employee Benefit Research Institute says the share of households headed by someone 55 or older with debt — from credit cards, mortgages, medical bills and student loans … more NY Times: 68.4 Percent of 55+ Households In Debt, But Solutions Exist
Update on HECM Counseling Certificate
NRMLA was contacted by HUD’s Office of Housing Counseling’s Senior Housing Program Specialist who asked us to advise our membership that the “Certificate of HECM Counseling” is still … more Update on HECM Counseling Certificate
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