The U.S. Department of Housing and Urban Development published a proposed rule this week that would replace the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate … more HUD Publishes Proposed Rule on LIBOR Transition
Industry News & Reference
Report Highlights Pandemic Innovations For Older Adults
A new report published by the Joint Center for Housing Studies and The Hastings Center highlights lessons and innovations learned from the COVID pandemic that could become … more Report Highlights Pandemic Innovations For Older Adults
Study: Retiring By 65 Will Be a Challenge For Many Americans
The Stanford Center on Longevity (SCL), in partnership with Finance of America Reverse, published a new study, titled “Disconnected: Perceptions vs. Reality in Retirement Planning,” that finds … more Study: Retiring By 65 Will Be a Challenge For Many Americans
U.S. Drops to 18th Place in Global Retirement Rankings
Rising inflation and a volatile stock market contributed to the United States falling from 17th to 18th place among the top 44 industrialized nations in the 2022 Global Retirement Index … more U.S. Drops to 18th Place in Global Retirement Rankings
Helping Your Clients After a Natural Disaster
If you have clients in Puerto Rico or Florida, please consider sharing the Consumer Financial Protection Bureau’s consumer guide, Your Reverse Mortgage After a Natural Disaster. The resource guide … more Helping Your Clients After a Natural Disaster
Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
The Society of Actuaries, in partnership with Financial Finesse, a financial wellness firm, published the “Late-in-Life Decisions Guide” to help aging individuals navigate life’s changes and to … more Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
Survey: 69% Of Unmarried Women Retirees Not Confident About Retirement
The 32nd Annual Retirement Confidence Survey (RCS) published by the Employee Benefit Research Institute (EBRI) found that 32% of retired widows and 37% of divorced women retirees are less confident of … more Survey: 69% Of Unmarried Women Retirees Not Confident About Retirement
HUD Announces $15 Million to Help Older Americans Age in Place
The U.S. Department of Housing and Urban Development will distribute an additional $15 million through its Older Adult Home Modification Program (OAHMP) to local non-profit organizations and state and local … more HUD Announces $15 Million to Help Older Americans Age in Place
FHA Updates HECM Due and Payable Requirements
The Federal Housing Administration changed its requirement for mortgagees to notify a borrower’s estate and heirs that a HECM has become due and payable from within 30 days … more FHA Updates HECM Due and Payable Requirements
FHA Lenders and Mortgagees Need to Apply for Government ID
In accordance with new requirements announced by the General Services Administration (GSA), all entities engaged in or seeking to do business with the federal government, including the Federal … more FHA Lenders and Mortgagees Need to Apply for Government ID
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