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A 69-year-old unemployed nurse wrote a financial columnist, “I need cash. Should I try a reverse mortgage or just move?” Here’s the response…
NRMLA’s Annual Meeting will remain virtual
Former Live Well CEO blames attorney, seeks acquittal or new trial as sentencing loom
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The FHA Single Family Production report was released late last Thursday. Here are some of the key takeaways from the report…
Malaysia: Reverse mortgages: a godsend or a millstone?
Nearly Half of Seniors Expect To Work After Retirement but there’s a better way
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RMI’s John Lunde told RMD while HECM endorsements are strong our industry’s production is not quite as robust as one may believe when considering HECM-to-HECM refinances.
Will there be a wave or a trickle of evictions?
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“New research has found that financial advisers are not considering the government’s Pension Loan Scheme (PLS) when developing strategies for retirees.”
Reverse Market Insights ‘Market Minute’
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FHA’s deputy assistant secretary for single-family housing says while the financial position of the federally-insured reverse mortgage has improved, areas of concern remain.
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Survey says it’s a bad time to buy a home spouse
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“We still do not know all the long-term consequences for the economy in general and retirement savings in particular. There are some early indicators worth considering…”
National Mortgage News: The Florida Supreme Court says lender can foreclose on non-borrowing spouse
Fox Business: Housing market showing signs of cooling
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The Federal Reserve’s Fair Open Market Committee (FOMC) in its quarterly projections published after the meeting, 13 of 18 officials saw a likely need for higher rates by the end of 2023, with seven of them seeing a need to begin raising rates as soon as next year.
Richmond Biz Journal: Sentencing delayed for former Live Well financial bond trader
Housing Wire: Housing Wire acquires Reverse Mortgage Daily
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“Is it worth having my home refinanced at a lower, fixed percentage rate and paying closing costs? What other options should I consider?”
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USA Today: 4 ways to avoid running out of money in retirement
The equity release issue: What’s stopping older Aussies from ‘eating their house’?
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On January 13th a long-time resident of ‘The Villages” lost his wife of 67 years ‘Terri’. Later he walked away from his home which was the subject of a recent hearing before the Development District 4 Board of Supervisors following complaints of uncut grass and weeds.
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Go ahead and spend your children’s inheritance
Soon 1-in-5 will be at retirement age
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“Banks should be prepared for more aggressive enforcement and an expansion of the CFPB’s authority through its rulemakings,” said Rachel Rodman, a former CFPB lawyer who now represents banks as a partner at Cadwalader, Wickersham & Taft LLP in Washington. She expects the agency to be “more likely to bring an enforcement action, pursue novel legal theories and more likely to demand higher penalties.”
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Biden has chosen our future Secretary of Housing and Urban Development
Here’s how a reverse mortgage can help high-net-worth clients
