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Monthly Archives: May 2009
U.S. seems unprepared for onslaught of aging boomers
The American population is aging and the nation’s economy is unprepared for the wrinkles. The first baby boomers will turn 65 in two years, ushering in a new generation of older Americans that’s better educated, more affluent, more diverse and … Continue reading
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JB Nutter Settles FTC Complaint
James B. Nutter & Co. has agreed to settle a complaint filed by the Federal Trade Commission that alleged the Kansas City, Mo.-based lender failed to safeguard customers’ personal information, which resulted in a hacker sending millions of spam emails … Continue reading
HUD Withdraws Required-Use Definition from RESPA
After reviewing more than 1,200 public comments, the Department of Housing and Urban Development has rescinded a rule change that would have restricted builders’ abilities to forge preferred partnerships with lenders. HUD Secretary Shaun Donovan announced Monday the withdrawal of … Continue reading
The Obama administration is asking taxpayers to subsidize the Federal Housing Administration’s program for reverse mortgages
WASHINGTON (AP) — Falling home prices have forced the government to ask Congress for a $798 million taxpayer subsidy to prop up a program that lets senior citizens tap the equity in their homes. The government said Thursday that the … Continue reading
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