The Senate confirmed Alanna McCargo as the next president of Ginnie Mae. McCargo, who had served as senior advisor for housing finance in the Department of Housing & … more McCargo Confirmed by Senate to Head Ginnie Mae
Industry News & Reference
How Has COVID-19 Affected Older Workers’ Labor Force Participation?
A new Issue Brief published by the Boston College Center for Retirement Research finds that the share of workers aged 55 and over who left the workforce changed … more How Has COVID-19 Affected Older Workers’ Labor Force Participation?
CFPB Issues Final Rule to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) published a final rule that facilitates the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes … more CFPB Issues Final Rule to Facilitate Transition from LIBOR
Transamerica: Retirement Outlook Varies Widely By Demographics
A new report from the Transamerica Center for Retirement Studies® finds that, on average, 24 percent of U.S. workers are “very” confident that they will fully retire with … more Transamerica: Retirement Outlook Varies Widely By Demographics
NRMLA Submits Comments to HUD on LIBOR Transition
In comments submitted to the Department of Housing and Urban Development this week, NRMLA provided answers to 14 questions posed by HUD in an October 5 notice pertaining to … more NRMLA Submits Comments to HUD on LIBOR Transition
Journal of Financial Planning Highlights Importance of Reverse Mortgages
Reverse mortgages can provide an essential risk mitigation tool for millions of retirees—dramatically reducing exposure to longevity and market risks while also growing their investment portfolios, according to … more Journal of Financial Planning Highlights Importance of Reverse Mortgages
New York Governor Signs Reverse Mortgage Co-op Bill
NRMLA is pleased to report that New York Governor Kathy Hochul signed legislation into law that permits reverse mortgages on cooperative housing for persons aged 62 and older. … more New York Governor Signs Reverse Mortgage Co-op Bill
HMBS November 2021: Issuers Give Thanks for Record-Smashing Month
HMBS issuers rewrote the records books in November, posting yet another $1.2 billion month and setting new HMBS records for both total annual issuance and monthly original loan … more HMBS November 2021: Issuers Give Thanks for Record-Smashing Month
FHA Updates Appraisal Guidelines to Reduce Racial Bias
The Federal Housing Administration published Mortgagee Letter (ML) 21-27 to reinforce the agency’s commitment to preventing racial bias in the valuation of single family properties. The ML clarifies FHA’s … more FHA Updates Appraisal Guidelines to Reduce Racial Bias
FHA Annual Report: Economic Value of HECM Portfolio Improves By $4.3B
The Home Equity Conversion Mortgage portfolio saw a significant improvement in its net present value over the past year and is now positive for the first time since … more FHA Annual Report: Economic Value of HECM Portfolio Improves By $4.3B
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