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
Industry News & Reference
401(k) Retirement Accounts Could See Some Big Changes
To help alleviate retirees’ biggest concern that they will run out of money in retirement, two of the world’s largest retirement plan providers, State Street Global Advisors and … more 401(k) Retirement Accounts Could See Some Big Changes
FHA Seeks Feedback on Allowing ADU Income to Qualify for HECMs
The Federal Housing Administration is proposing to allow income from an Accessory Dwelling Unit (ADU) to be used in the assessment of a borrower’s qualifying income for purposes … more FHA Seeks Feedback on Allowing ADU Income to Qualify for HECMs
Vanguard Measures Generational Changes in 401(k) Behaviors
The percentage of workers who contributed to workplace 401(k) plans increased between 2006 and 2021 as did the percentage of funds they deferred to their retirement plans, according … more Vanguard Measures Generational Changes in 401(k) Behaviors
NRMLA Suggests Ways to Improve HECM Assignment Process
In comments submitted to the Department of Housing and Urban Development this week, NRMLA offered recommendations to make the assignment process for HECM reverse mortgages more efficient and … more NRMLA Suggests Ways to Improve HECM Assignment Process
HUD Issues Temporary Waiver For Submitting Loan Docs to Compu-Link
The Federal Housing Administration has just issued a partial temporary waiver that permits mortgagees to send original hard copies of the Loan Agreement and exhibits directly to Compu-Link, … more HUD Issues Temporary Waiver For Submitting Loan Docs to Compu-Link
Americans Need $1.1M For Retirement, But Few Think They Will Get There
Working Americans ages 45 and older believe it will take $1.1 million in savings to retire comfortably, yet the majority (59 percent) expect to have less than $500,000 … more Americans Need $1.1M For Retirement, But Few Think They Will Get There
FHA Proposes Changes to HECM Assignment Claims Submission Process
By Weiner Brodsky Kider and NRMLA staff On April 4, 2023, FHA posted a draft Mortgagee Letter (ML) that would make changes to the HECM Assignment Claim Type 22 submission … more FHA Proposes Changes to HECM Assignment Claims Submission Process
Bill Search: Reverse Mortgages
NRMLA members can track reverse mortgage legislation introduced by lawmakers in the United States House of Representatives or Senate during the 118th Congress (2023-2025) by visiting Congress.org.
AARP Highlights Increasing Cost of Family Caregiving
A new report from AARP estimated the economic value of family caregivers’ unpaid work in 2021 at $600 billion. This figure was based on about 38 million caregivers … more AARP Highlights Increasing Cost of Family Caregiving
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