Over the past year, NRMLA has worked closely with Ginnie Mae to develop HMBS 2.0 to resolve the liquidity constraints that led to the largest bankruptcy in the … more Here’s why HMBS 2.0 is so important
Reference Section
Morningstar Recommends Lowering Retirement Withdrawal Rate
New research published by Morningstar recommends that retirees adjust how much they withdraw annually from their retirement accounts from the traditional “4 Percent Rule” down to 3.7 percent, … more Morningstar Recommends Lowering Retirement Withdrawal Rate
Large Share of Retirees Have Credit Card Debt
USA Today reported that two-fifths of retirees carry balances on their credit cards, according to the 2024 Spending in Retirement survey, released in November by the nonprofit Employee Benefit Research … more Large Share of Retirees Have Credit Card Debt
Rep. French Hill Chosen to Lead Financial Services Committee
On December 12, 2024, House Republican leaders selected Rep. French Hill (R-AR) to chair the House Financial Services Committee in the 119th Congress. What’s next: The House Republican Conference … more Rep. French Hill Chosen to Lead Financial Services Committee
Fidelity Examines 401(k) and IRA Balances By Generation
An analysis of 401(k) and IRA accounts managed by Fidelity Investments found that Baby Boomers on average have saved $250,900 in their workplace 401(k) and $250,966 in an Individual Retirement … more Fidelity Examines 401(k) and IRA Balances By Generation
Agencies Issue Statement on Elder Financial Exploitation
Federal and state financial regulators and the Financial Crimes Enforcement Network (FinCEN) issued a statement that offers best practices for combatting elder financial exploitation. Why it matters: A … more Agencies Issue Statement on Elder Financial Exploitation
Transamerica Survey Highlights Positive Parts of Retirement and Challenges
A new study — titled “Retiree Life in the Post-Pandemic Economy” — examines the health and well-being, personal finances, and retirement security of U.S. residents who are retired … more Transamerica Survey Highlights Positive Parts of Retirement and Challenges
Mortgagees Have 36 Hours to Report Cyber Incidents
Effective immediately, Mortgagee Letter 2024-23 requires mortgagees to notify the Department of Housing and Urban Development as soon as possible — but no later than 36 hours — … more Mortgagees Have 36 Hours to Report Cyber Incidents
HECM Loan Limit Increasing to $1,209,750 in 2025
The Federal Housing Administration has just announced that it will increase the maximum claim amount for Home Equity Conversion Mortgages in calendar year 2025 from $1,149,825 to $1,209,750, … more HECM Loan Limit Increasing to $1,209,750 in 2025
Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
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