The U.S. Senate Special Committee on Aging released a bipartisan report that examines the real-time information and help older Americans and people with disabilities need as they face … more Senate Aging Committee Releases Financial Literacy Resources
Industry News & Reference
OCC Requests Comment on Reverse Mortgage
The Office of the Comptroller of the Currency is soliciting comments concerning the renewal of its information collection titled “Reverse Mortgage Products: Guidance for Managing Compliance and Reputation … more OCC Requests Comment on Reverse Mortgage
NRMLA Submits Comments on Defect Taxonomy and Draft HECM Handbook
NRMLA submitted two sets of comments to the Department of Housing and Urban Development this past week, one that seeks changes to loan level servicing reviews in FHA’s … more NRMLA Submits Comments on Defect Taxonomy and Draft HECM Handbook
HMBS January 2022: New Year Continues Blizzard of New Issuance
HMBS issuers continued their torrid pace to start the New Year. January saw nearly $1.4 billion in new HMBS, setting a record for new original loan pools for … more HMBS January 2022: New Year Continues Blizzard of New Issuance
Federal Study: Millions of Older Americans Can’t Afford Their Prescriptions
A new federal report says that 3.5 million Americans age 65 and older struggled to afford their needed prescription drugs in 2019 and that Medicare beneficiaries of color … more Federal Study: Millions of Older Americans Can’t Afford Their Prescriptions
NY and MA Reverse Mortgage Legislative Updates
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Boomers Favor Semi-Retirement with a Flexible Work Schedule
Baby boomers nearing retirement age don’t want to kick up their feet and relax through their sunset years. Instead, most of them want to continue working, but just … more Boomers Favor Semi-Retirement with a Flexible Work Schedule
Employee Confidence With Finances Hits Four-Year High
American workers’ confidence in their personal financial situation is at its highest level since 2018, according to John Hancock Retirement’s 8th annual Stress, Finances and Well-Being report. As … more Employee Confidence With Finances Hits Four-Year High
2021 Full Year HMBS Issuer League Tables – Portfolio Sale Upends the Rankings
Reverse Mortgage Funding became the #1 HMBS issuer in 2021, with $4.09 billion issued and near 31% market share, due in part to its acquisition of AAG’s HMBS … more 2021 Full Year HMBS Issuer League Tables – Portfolio Sale Upends the Rankings
Kiplinger: 84% of Savers Say They’re On Track to Retire Comfortably
The news isn’t all bad when it comes to retirement preparation. According to a new national poll conducted by Kiplinger, in partnership with money management firm Personal Capital, … more Kiplinger: 84% of Savers Say They’re On Track to Retire Comfortably
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