Fueled by low interest rates and strong stock market returns, an increasing percentage of retirees are bucking a long-time trend and buying bigger homes in retirement, according to … more Op-ed: More Boomers ‘Upsizing’ Their Homes in Retirement
Reference Section
NRMLA Submits Servicing and LIBOR Transition Comments to HUD
NRMLA submitted two sets of comments to the Department of Housing and Urban Development this week, one letter confirming that certain HUD forms once used by servicers are … more NRMLA Submits Servicing and LIBOR Transition Comments to HUD
Protect Your Clients During Financial Literacy Month
April is Financial Literacy Month, and in recognition, the National Council on Aging published an article that highlights eight tips for seniors to protect themselves from money scams. … more Protect Your Clients During Financial Literacy Month
Experts Discuss Post-COVID Retirement Trends
In his latest column, retirement expert Robert Powell summarized key takeaways from a recent Merrill Lynch Wealth Management webinar that highlighted how the COVID-19 pandemic has accelerated many trends … more Experts Discuss Post-COVID Retirement Trends
State Update: MN Amends Reverse Mortgage Servicing Requirements
Minnesota Governor Tim Walz recently signed into law House File 333 (HF 333), which amends the state’s reverse mortgage loan statute to, among other things, require reverse mortgage … more State Update: MN Amends Reverse Mortgage Servicing Requirements
CFPB Rescinds COVID Supervisory Policy Statements
Since most financial institutions have overcome workplace and customer service challenges initially created by COVID-19, the Consumer Financial Protection Bureau announced it would begin exercising its full supervisory … more CFPB Rescinds COVID Supervisory Policy Statements
FHA Projects Solid Performance for FY21 HECMs
In its quarterly report to Congress on the status of the Mutual Mortgage Insurance Fund, the Federal Housing Administration forecasted Home Equity Conversion Mortgages endorsed this year to … more FHA Projects Solid Performance for FY21 HECMs
FHA Makes Major Revisions to Condo Approval Forms
The Federal Housing Administration this week updated the questionnaire forms that lenders use to obtain condominium single-unit and project approvals. Details of the changes to HUD Forms … more FHA Makes Major Revisions to Condo Approval Forms
You Have a Reverse Mortgage: Know Your Rights and Responsibilities
The Consumer Financial Protection Bureau released a new guide for older homeowners called You have a reverse mortgage: Know your rights and responsibilities. The new guide is the latest tool … more You Have a Reverse Mortgage: Know Your Rights and Responsibilities
Senate Approves Fudge As Housing Secretary
By a vote of 66 to 34, the Senate confirmed Marcia Fudge as the next Secretary of Housing and Urban Development, making her the first African-American woman to … more Senate Approves Fudge As Housing Secretary
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