Seven states – California, Connecticut, Illinois, New Jersey, Maryland, Oregon and Washington – are in various stages of implementing state-sponsored retirement savings plans, according to an Associated Press … more States Move to Help Workers Save for Retirement
Reference Section
Stopping Senior Scams
The Senate Special Committee on Aging invited representatives from the Internal Revenue Service, Federal Trade Commission and a Pennsylvania-based community organization to a public hearing this week to … more Stopping Senior Scams
Winter’s Tail: Strong HMBS Issuance Ushers in New Year
HMBS issuers began 2017 with a strong month, creating 121 pools in January totaling nearly $869 million. Production of original new loan pools was $525 million, up from … more Winter’s Tail: Strong HMBS Issuance Ushers in New Year
Why Don’t (More) Small Businesses Offer Retirement Plans?
The Pew Charitable Trusts recently surveyed more than 1,600 small and medium-sized business owners and managers and found that employers most often cited expense, limited administrative resources and … more Why Don’t (More) Small Businesses Offer Retirement Plans?
President Initiates Regulatory Freeze
On the first day of President Trump’s term, a regulatory freeze was issued affecting government agencies, including the Department of Housing and Urban Development. On Monday, January 30, … more President Initiates Regulatory Freeze
HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals
By Weiner Brodsky Kider On January 19, 2017, HUD published in the Federal Register the Final HECM Rule, FHA: Strengthening the Home Equity Conversion Mortgage Program. The Final … more HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals
NRMLA Proposes HECM Loan Document Revisions
Comments were submitted to the Department of Housing and Urban Development last week recommending updates to existing HECM loan documents that take into account recent regulatory changes, such as … more NRMLA Proposes HECM Loan Document Revisions
HUD Consolidates, Clarifies Assignment Policies
The Federal Housing Administration this week consolidated existing policies used by servicers when submitting HECM assignment requests through the Home Equity Reverse Mortgage Information Technology (HERMIT) system. Reverse … more HUD Consolidates, Clarifies Assignment Policies
Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing
At his five-hour long confirmation hearing today, Treasury Secretary nominee Steven Mnuchin took questions about his positions on monetary policy, tax reform, foreign investment and economic sanctions, housing … more Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing
Honey, We Shrank the Float: HMBS Supply Drops for First Time
The HMBS market shrank for the first time as record prepayments drove total outstanding HMBS to just under $55 billion. HMBS issuers created 97 pools in December 2016, … more Honey, We Shrank the Float: HMBS Supply Drops for First Time