The Department of Housing and Urban Development recently published FHA Info #23-69 to clarify policies related to the late payment of HECM mortgage insurance premiums and payments made to HECM … more HUD Publishes FAQ on HECM Borrower and MIP Payments
Industry News & Reference
Transamerica Examines Retirement Security Across Generations
A recent survey published by the Transamerica Center for Retirement Studies® that examines the retirement outlook for Generation Z, Millennials, Generation X, and Baby Boomers finds that 41 percent of … more Transamerica Examines Retirement Security Across Generations
HUD Publishes Guidance for Originating/Servicing Loans in Disaster Areas
In the wake of the devastating wildfires in Maui, HI, the Federal Housing Administration published FHA Info #2023-67 as a reminder to mortgagees about its guidance for originating and/or servicing … more HUD Publishes Guidance for Originating/Servicing Loans in Disaster Areas
NRMLA Submits Comments to HUD On Second Appraisals
In response to a request for public feedback on how HUD can make its programs easier to access and use, NRMLA submitted comments this week that proposed opportunities for streamlining … more NRMLA Submits Comments to HUD On Second Appraisals
BPC Interviews Ginnie Mae President Alanna McCargo
The Bipartisan Policy Center this week conducted a fireside chat with Ginnie Mae President Alanna McCargo. The event coincided with the recent anniversary of the signing of the … more BPC Interviews Ginnie Mae President Alanna McCargo
Survey: Ten Percent of Non-Retirees Plan to Claim Social Security at Age 70
According to the 2023 Schroders US Retirement Survey, only ten percent of non-retired Americans say they will wait until age 70 to receive their maximum Social Security benefit … more Survey: Ten Percent of Non-Retirees Plan to Claim Social Security at Age 70
BoA: Hardship Withdrawals From 401(k)s Increased 36 Percent
Bank of America released its Q2 2023 Participant Pulse, which found average 401(k) balances increased by $7,250 (9.6 percent) since the end of 2022. The report also found that a growing … more BoA: Hardship Withdrawals From 401(k)s Increased 36 Percent
Former GNMA President Offers Way to Protect Issuer Liquidity
Ted Tozer, the president of Ginnie Mae from 2010 to 2017 and now a nonresident fellow at the Urban Institute, authored a white paper that offers a way to enhance … more Former GNMA President Offers Way to Protect Issuer Liquidity
Vanguard Publishes Annual Retirement Saving Report
Vanguard recently examined the records of five million clients and released its annual report on the state of the nation’s habits around saving for retirement, which found that … more Vanguard Publishes Annual Retirement Saving Report
CFPB Mentions LO Comp In Latest Supervisory Highlights
The Consumer Financial Protection Bureau (CFPB) released the Summer 2023 edition of its Supervisory Highlights this week, which included a section on loan originator (LO) compensation. In describing … more CFPB Mentions LO Comp In Latest Supervisory Highlights
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