The Fraud Bulletin was published in response to the recent criminal conviction of Mark Diamond, a Chicago-based contractor who orchestrated a home repair and reverse mortgage fraud scheme … more HUD IG Issues Reverse Mortgage Bulletin
Industry News & Reference
A Proposal to Fix Social Security
Alicia Munnell, former director at the Center for Retirement Research at Boston College and one of America’s top thought leaders on retirement policy, published a proposal for extending … more A Proposal to Fix Social Security
CFPB Effectively Shutdown, For Now
On January 31, Treasury Secretary Scott Bessent was named Acting Director of the Consumer Financial Protection Bureau after his predecessor, Rohit Chopra, was fired by President Donald Trump. … more CFPB Effectively Shutdown, For Now
NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
NRMLA, with input from the Executive Committee, submitted comments this week to the sponsors of Oregon Senate Bill 534. SB 534 caps the percentage of equity a reverse mortgage … more NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
97.1 Percent of Retirement-Age Americans Have Nonmortgage Debt
A new LendingTree analysis finds that 97.1 percent of U.S. adults between the ages of 66 to 71 have nonmortgage debt. Why it matters: The study examines what … more 97.1 Percent of Retirement-Age Americans Have Nonmortgage Debt
Prudential Survey Suggests Knowledge Gap Around Retirement Saving Best Practices
While saving for retirement is the top financial priority for 88 percent of Americans, a new survey from global financial company Prudential Financial Group shows a disconnect between … more Prudential Survey Suggests Knowledge Gap Around Retirement Saving Best Practices
NRMLA State and Local Issues Committee to Convene
Legislation has been introduced in Oregon, New York and Hawaii that would impact reverse mortgage companies. Oregon Senate Bill 534 caps the percentage of total equity a reverse … more NRMLA State and Local Issues Committee to Convene
Do Older Adults Understand Healthcare Risks, and Do Advisors Help?
Despite the advice they may be getting from their financial advisors, a new Issue Brief from the Center for Retirement Research at Boston College shows that older households … more Do Older Adults Understand Healthcare Risks, and Do Advisors Help?
Baby Boomer Women Deciding the Fate of Trillions of Dollars
A record number of Americans turn 65 this year, and more women are set to outlive their husbands as female lifespans lengthen relative to men’s. As a result, … more Baby Boomer Women Deciding the Fate of Trillions of Dollars
Regulatory freeze implemented across federal agencies
As was anticipated, and is typical of a change in presidential administrations, President Donald Trump issued a memorandum that implemented a regulatory freeze across all executive departments and agencies. … more Regulatory freeze implemented across federal agencies
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