Being prepared in advance is key. The more the borrower and their heirs understand in advance, the smoother the resolution of the HECM loan and property will go … more Servicing Corner: Preparing Borrowers and their Heirs for the Death of the Last Borrower
Reference Section
Why Americans Are Pleasantly Surprised in Retirement
For 22 years, Gallup has conducted an Economic and Personal Finance survey in April that has surveyed non-retirees’ and retirees’ expectations for living a financially comfortable retirement. This … more Why Americans Are Pleasantly Surprised in Retirement
Top Three Social Barriers to U.S. Senior Health
Alignment Health’s 2024 Social Threats to Aging Well in America survey explores the primary social and environmental factors, known as social determinants of health, preventing U.S. seniors from … more Top Three Social Barriers to U.S. Senior Health
Washington State Establishes LTC Program for Older Population
Many older adults will need some form of long-term care during retirement, yet there remains a huge challenge over how to pay for it. In a new Issue … more Washington State Establishes LTC Program for Older Population
Social Security Benefits Lose 20 Percent Of Buying Power Since 2010
The 2024 Loss of Buying Power study published by The Senior Citizens League found that, on average, payments for retired workers would need to rise by $4,440 per … more Social Security Benefits Lose 20 Percent Of Buying Power Since 2010
HUD Announces Next HECM Note Sale
The Department of Housing and Urban Development published a notice in the Federal Register that announced its intention to sell 2,700 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
Fidelity Estimates Healthcare Will Cost This Much in Retirement
Fidelity Investments® shared its 23rd annual Retiree Health Care Cost Estimate, revealing that a 65-year-old retiring this year can expect to spend an average of $165,000 in health … more Fidelity Estimates Healthcare Will Cost This Much in Retirement
HECM+QLAC=Retirement Security
Retirement advisor Jerry Golden explained how a HECM Line of Credit, combined with a Qualifying Longevity Annuity Contract (QLAC), can provide income and financial liquidity to make the … more HECM+QLAC=Retirement Security
AARP’s Vision for a National Plan on Aging
In less than a decade, adults ages 65 and older will outnumber individuals under age 18 for the first time. The U.S. trend mirrors what is happening globally, … more AARP’s Vision for a National Plan on Aging
HUD and GNMA Invited Feedback on Two Critical HECM Issues
Working in coordination with the Servicing Committee and HMBS Issuers Committee, NRMLA submitted two sets of comments, one to the Department of Housing and Urban Development and another … more HUD and GNMA Invited Feedback on Two Critical HECM Issues
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