Reverse mortgages offer a potentially useful tool to convert illiquid housing wealth into money to live on during retirement, according to congressional testimony provided by Shai Akabas, Director … more Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security
Industry News & Reference
HMBS October 2021 Part II: Record Issuance Drives HMBS Supply
Outstanding HMBS rose to a record $56.8 billion in October 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs exceeded $1 billion for … more HMBS October 2021 Part II: Record Issuance Drives HMBS Supply
Transamerica: COVID-19 Undermined Women’s Retirement Security
More than half of working women (51 percent) indicate their financial situation has been negatively impacted by the pandemic, according to a study released by the Transamerica Center … more Transamerica: COVID-19 Undermined Women’s Retirement Security
HMBS October 2021: Will Refis Come Back to Haunt HMBS?
HMBS issuance remained strong in October. HMBS issuers posted another $1.2 billion in total issuance volume and set another new record for new loan pools, tempered by yet … more HMBS October 2021: Will Refis Come Back to Haunt HMBS?
Urban Institute: Reverse Mortgages Can Help In Rising Rate Environment
A new report from the Urban Institute finds that older homeowners are carrying substantially more debt than they have over the past 20 years that has resulted in … more Urban Institute: Reverse Mortgages Can Help In Rising Rate Environment
CFPB Director Discusses Priorities With House Committee
In his first public hearing before the House Financial Services Committee, newly confirmed CPFB Director Rohit Chopra outlined his priorities and positions on a number of issues. … more CFPB Director Discusses Priorities With House Committee
CFPB Issues Joint Statement on Discontinuing LIBOR
The Consumer Financial Protection Bureau joined four other federal financial regulatory agencies and state bank and credit union regulators in issuing a statement highlighting the risks posed by … more CFPB Issues Joint Statement on Discontinuing LIBOR
HMBS September 2021 Part II: Big Summer Concludes
Outstanding HMBS rose to a record $56.7 billion in September 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs once again exceeded $1 … more HMBS September 2021 Part II: Big Summer Concludes
HUD Seeks Industry Feedback on LIBOR Transition
On October 5, 2021, the Department of Housing and Urban Development published an advance notice of proposed rulemaking in the Federal Register (FR), Adjustable Rate Mortgages: Transitioning from … more HUD Seeks Industry Feedback on LIBOR Transition
2021Q3 HMBS Issuer League Tables – Annual Volume Record in the Crosshairs
AAG continued its #1 HMBS issuer ranking for the first nine months of 2021 with $2.585 billion of issuance and 28% market share. FAR stayed close behind in … more 2021Q3 HMBS Issuer League Tables – Annual Volume Record in the Crosshairs
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