Outstanding HMBS fell to just under $56.5 billion in June, as record HECM loan payoffs outpaced issuance. HMBS payoffs exceeded $1.1 billion, a dollar amount surpassed only by … more HMBS June 2021 Part II: Refi Wave Rolls On
Industry News & Reference
The Market for Reverse Mortgages Among Older Americans
Ohio State University researcher Stephanie Moulton and Columbia Business School Professor Chris Mayer co-authored a paper that examines the usage of reverse mortgages among mortgage borrowers, as well as … more The Market for Reverse Mortgages Among Older Americans
How Much Does Social Security Offset the Motherhood Penalty?
When women become mothers, their earnings often take a substantial, and permanent, hit that becomes larger with each additional child. A new issue brief published by the Center … more How Much Does Social Security Offset the Motherhood Penalty?
Study: Half of Americans Say They’re in Financial Recovery Mode
Most Americans are still contending with the financial impact of the COVID-19 pandemic, according to the latest set of findings from Northwestern Mutual’s 2021 Planning & Progress Study. The … more Study: Half of Americans Say They’re in Financial Recovery Mode
What Level of Long-Term Services and Supports Do Retirees Need?
Many retirees are concerned about the risk of needing substantial long-term care as they age, but the likelihood of this happening remains unclear. The results of a new … more What Level of Long-Term Services and Supports Do Retirees Need?
Congress Looking to Make Further Changes to U.S. Retirement System
Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon, according to a CNBC.com … more Congress Looking to Make Further Changes to U.S. Retirement System
Here’s Why People Don’t Save Enough
A recent study from the University of Michigan Retirement and Disability Research Center that examined the aging populations of the United States and Singapore found that life shocks … more Here’s Why People Don’t Save Enough
NRMLA Seeks Clarification On New NBS Rules
In comments submitted to the Department of Housing and Urban Development this week, NRMLA requested that HUD update the HECM loan documents and security instrument to conform with … more NRMLA Seeks Clarification On New NBS Rules
CFPB Updates Servicing Exam Procedures
The Consumer Financial Protection Bureau has updated its reverse mortgage servicing examination procedures. The CFPB’s reverse mortgage servicing examination procedures were last updated on October 30, 2016. As … more CFPB Updates Servicing Exam Procedures
Financial Assessment Is Working (Part VI)
Financial Assessment is still working. Now in its sixth year, FHA’s policy of requiring the financial assessment (FA) of borrowers’ ability to pay has cut tax and insurance … more Financial Assessment Is Working (Part VI)
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