Ginnie Mae announced an additional expansion of its Low-to-Moderate Income (LMI) disclosure initiative to include pool-level data for its HECM Mortgage-Backed Securities (HMBS) program. Ginnie Mae’s new HMBS … more GNMA Expands ESG Disclosures to HMBS Pools
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.
New Magic Number for Retirement is $1.46 Million
Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of … more New Magic Number for Retirement is $1.46 Million
CFPB: Reverse Mortgages Represent Two Percent of Complaints
Out of 27,99 mortgage-related complaints submitted to the Consumer Financial Protection Bureau in 2023, approximately 400, or two percent, were brought against reverse mortgage companies, according to the … more CFPB: Reverse Mortgages Represent Two Percent of Complaints
HUD Solicits Feedback on HECM Application and Origination Documents
The Department of Housing and Urban Development published a notice in the Federal Register seeking feedback on certain documents that must be used in connection with HECM applications … more HUD Solicits Feedback on HECM Application and Origination Documents
Blackrock CEO Highlights Global Retirement Crisis
Larry Fink, whose company manages $10 trillion in assets (half of which are for retirement), challenged government and business leaders to come together to fix a looming retirement … more Blackrock CEO Highlights Global Retirement Crisis
More Counties Saw Population Gains in 2023
Sixty percent (1,876) of U.S. counties gained population from 2022 to 2023, an increase from the 52% of counties (1,649) that experienced population growth between 2021 and 2022, … more More Counties Saw Population Gains in 2023
Preretirement Withdraws Might Explain Retirement Savings Gap
A new study published by the Collaborative for Equitable Retirement Savings finds that Black and Hispanic workers withdraw a larger portion of their account balances before retirement. The … more Preretirement Withdraws Might Explain Retirement Savings Gap
Report Analyses Global Market Potential for Equity Release Products
The European Pensions and Property Asset Release Group (EPPARG) and EY published the Global Equity Release Roundtable 2023 survey report, which highlights that the global equity release market … more Report Analyses Global Market Potential for Equity Release Products
Are You Planning to Live to 100?
More than half (54%) of Americans say it’s their goal to live to 100, according to a new study from Corebridge Financial and The Longevity Project. What they’re … more Are You Planning to Live to 100?
Ginnie Mae Adopts Cybersecurity Notification Requirement
Ginnie Mae has implemented Cybersecurity Incident reporting requirements as part of its continued commitment to the security and integrity of all operational systems and critical technology infrastructure related … more Ginnie Mae Adopts Cybersecurity Notification Requirement
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