By Weiner Brodsky Kider, PC The CFPB published an Advisory Opinion on February 7, 2023, that sets forth the Bureau’s views on how RESPA Section 8 applies to Digital Mortgage … more CFPB Publishes RESPA Section 8 Advisory Opinion
Industry News & Reference
EBRI: Some Couples May Need $383K For Future Healthcare
Couples with high prescription drug expenditures may need to save $383,000 to have a 90 percent chance of having enough money to cover their healthcare costs in retirement, … more EBRI: Some Couples May Need $383K For Future Healthcare
GNMA Reduces Minimum Pool Size For HMBS
Ginnie Mae published APM 23-04, which reduces the minimum HECM Mortgage-Backed Security (HMBS) pool size, from $1 million to $250,000, to minimize the amount of time Issuers must carry … more GNMA Reduces Minimum Pool Size For HMBS
NRMLA Commenting On Appraisal Reconsideration Proposal
On behalf of its members, NRMLA recently submitted comments to the Federal Housing Administration in response to a proposed policy change that’s intended to help people seeking FHA … more NRMLA Commenting On Appraisal Reconsideration Proposal
More States Adopting Master Plans for Aging
Older adults prefer to age at home or in their community rather than assisted-living facilities or other institutional settings, but experts say that could be difficult or impossible … more More States Adopting Master Plans for Aging
HMBS January 2023 Part II: Issuer 42 to the Rescue (Part II)
HMBS payoffs fell again in January, as the refinancing retreat continues. January payoffs totaled about $756 million, the lowest payoff amount in nearly 6 years and the lowest … more HMBS January 2023 Part II: Issuer 42 to the Rescue (Part II)
Key Findings From U.S. News and World Report Retirement Survey
A survey of 2,000 adults conducted by U.S. News and World Report asked participants how their retirement-saving plans have been adjusted, how these plans look going forward, and … more Key Findings From U.S. News and World Report Retirement Survey
HMBS January 2023: New Year’s Dissolution
HECM Mortgage-Backed Securities (“HMBS”) issuance collapsed in January to $523 million, falling for the ninth straight month. This monthly total is the lowest in nearly 3 years and … more HMBS January 2023: New Year’s Dissolution
Study: 67 Percent of Americans Prioritizing Present Needs Over Retirement
Two in three Americans (67 percent) say they are more concerned about paying bills right now than saving for their financial future, according to the 2022 Q4 Quarterly … more Study: 67 Percent of Americans Prioritizing Present Needs Over Retirement
Urban Institute Offers Solutions For Improving HECM Program
The Urban Institute published an op-ed this week that proposes policy changes to the Home Equity Conversion Mortgage program to guarantee its long-term financial stability and to avoid … more Urban Institute Offers Solutions For Improving HECM Program
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