Financial Assessment is still working. Now in its ninth year, FHA’s policy of requiring the financial assessment (FA) of borrowers’ ability to pay has helped cut tax and … more Financial Assessment Is Working (Part VII)
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
National Retirement Risk Index: Version 2.0
The Center for Retirement Research at Boston College announced that it has modernized its National Retirement Risk Index which measures and analyzes the share of working-age households that … more National Retirement Risk Index: Version 2.0
Social Security Benefits Lose 36 Percent Of Buying Power Since 2000
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits … more Social Security Benefits Lose 36 Percent Of Buying Power Since 2000
HUD Selling Vacant Properties Once Backed by HECMs
The Department of Housing and Urban Development announced in the Federal Register this week that it will be selling 1,237 reverse mortgage notes secured by vacant properties with … more HUD Selling Vacant Properties Once Backed by HECMs
HUD Publishes Final Rule On LIBOR Transition
The Department of Housing and Urban Development published Mortgagee Letter 2023-09, which implements the Department’s final rule published on March 1 that governs the transition away from the … more HUD Publishes Final Rule On LIBOR Transition
NCOA: 47 Million Older Households Facing Financial Risks
Eighty percent of U.S. households with older adults, or roughly 47 million households, are financially struggling today or are at risk of falling into economic insecurity as they … more NCOA: 47 Million Older Households Facing Financial Risks
From the Top: Paul Francom, CRMP, Reverse Mortgage Operations Manager, Academy Mortgage
Paul Francom may never have become a reverse mortgage executive and advocate had it not been for his grandmother. While in high school, and later college, Francom worked … more From the Top: Paul Francom, CRMP, Reverse Mortgage Operations Manager, Academy Mortgage
Joint Statement On Completing the LIBOR Transition
The Consumer Financial Protection Bureau issued a joint statement with four other federal regulatory agencies, and state bank and credit union regulators, as a reminder that use of … more Joint Statement On Completing the LIBOR Transition
HUD Awards $15M in Grants to Help Older Homeowners Age in Place
Through its Older Adults Home Modification Program, the Department of Housing and Urban Development awarded $15 million to local non-profits to pay for home modifications and repairs that … more HUD Awards $15M in Grants to Help Older Homeowners Age in Place
NRMLA Submits Comments in Support of ADU Proposal
NRMLA, with input from the HUD Issues Committee, submitted comments to the Department of Housing and Urban Development that support a draft proposal to allow income from Accessory … more NRMLA Submits Comments in Support of ADU Proposal
[Page 24 of 34 ]