U.S. households increased their total debt by $271 billion during Q4 2023 – roughly 19% more than the average for Q4 over the past 20 years. As a … more Yikes, Household Debt Spikes
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.
FHA Removes Mandatory Branch Registration Requirement
The Federal Housing Administration published a final rule in the Federal Register [Docket No. FR-6321-F-02] that eliminates the current requirement for Mortgagees to register branch offices where they … more FHA Removes Mandatory Branch Registration Requirement
Brookings Institution Examines Evolution of Retirement Policy
The Retirement Security Project at The Brookings Institution convened an event last week that traced the evolution of retirement policy in recent decades and discussed the many ways … more Brookings Institution Examines Evolution of Retirement Policy
New Forecast: Couples May Need $413K For Future Healthcare
The Employee Benefits Research Institute estimates that couples with high Medicare prescription drug expenditures will need $413,000 to have a 90 percent chance of having enough money to … more New Forecast: Couples May Need $413K For Future Healthcare
New State of Financial Preparedness Report
Large majorities of Americans of all races and ethnicities think about retirement in similar ways, calculating how much money they’ll need and how long they have to save … more New State of Financial Preparedness Report
Seniors Flocked to These States in 2023
More than 338,000 Americans moved to another state to retire in 2023, according to Census Bureau data analyzed by the online moving resource, Hire a Helper. Why it … more Seniors Flocked to These States in 2023
More Kids Living with Their Grandparents
Since 2000, the share of children in the U.S. living with at least one grandparent has increased by more than 36%, from 9.3% to 12.7%, according to research … more More Kids Living with Their Grandparents
GNMA Exploring Enhancements to HMBS Program
Ginnie Mae is exploring a new securitization option that would allow HECMs with balances above 98 percent of FHA’s Maximum Claim Amount to be pooled into securities. Yes, … more GNMA Exploring Enhancements to HMBS Program
How Long Will $1 Million In Retirement Savings Last In Your State?
A 65-year-old retiree living in California can expect $1 million in savings to last under 14 years, while that amount will last almost 21 years in Texas. By … more How Long Will $1 Million In Retirement Savings Last In Your State?
Top Retirement Stats for 2024
As we adapt to the new year, more Americans are identifying their top personal finance and retirement-related mistakes of 2023. Clever, a real estate data company, compiled 99 … more Top Retirement Stats for 2024
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