HMBS payoffs continued in April, as the refinancing wave diminished slightly but refused to ebb. Instead, April payoffs totaled $1.3 billion, just short of March 2022’s record $1.5 … more HMBS April 2022 Part II: April May but May June?
Industry News & Reference
CFPB Report Highlights Lender Violations
In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau emphasized violations involving Loan Officer Compensation and Changed Circumstances that NRMLA felt should be shared with the membership. The … more CFPB Report Highlights Lender Violations
Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
In a recent opinion piece, the editor’s at Bloomberg expressed strong opinions about the shortcomings of America’s retirement system and what Congress needs to do fix these problems. … more Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Testifying before the Senate Banking Committee, Shannon Guzman (pictured), Senior Strategic Policy Advisor at AARP Public Policy Institute, recommended that the Department of Housing and Urban Development improve … more AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Using Home Equity Improves Retiree Health
While the strategic use of home equity can provide financial relief for retirees, a new study co-authored by Ohio State University researcher Stephanie Moulton finds that it is also … more Using Home Equity Improves Retiree Health
Administration Unveils Action Plan to Combat Appraisal Bias
The Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) delivered an action plan to President Biden this week that is aimed squarely at dismantling racial bias … more Administration Unveils Action Plan to Combat Appraisal Bias
Celink Awarded HUD Contract to Service Assigned HECMs
Effective March 24, 2022, Lansing, MI-based Celink has been awarded the contract to service all Home Equity Conversion Mortgages currently assigned to the Department of Housing and Urban … more Celink Awarded HUD Contract to Service Assigned HECMs
California Mortgage Relief Toolkit Now Available
The administrators of the California Mortgage Relief (“Housing Assistance Fund”) Program released a Community Outreach Toolkit to help spread the word about this resource to homeowners financially … more California Mortgage Relief Toolkit Now Available
LIBOR Transition Guidelines Added to Federal Spending Package
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Five Fundamentals for Women’s Retirement Readiness
In celebration of International Women’s Day (March 8) and Women’s History Month, the Transamerica Center for Retirement Research developed a new resource, the “Five Fundamentals for Retirement Readiness,” … more Five Fundamentals for Women’s Retirement Readiness
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