People are living longer, which is a good thing. Regarding retirement needs, however, this means it is as crucial as ever that people stay on top of saving and planning for their personal and financial needs when they hit retirement age. Long-term care, while not the most exciting thing to anticipate, must be carefully planned [...]

Even after surviving a brutal economic recession, Baby Boomers remain optimistic about their future and pleased with their life choices according to a new AARP survey on the attitudes, feelings and outlooks of Americans born in 1946 at the beginning of the Baby Boom Generation. The “Boom” begins on January 1st when approximately 7,000 Baby Boomers [...]

The Florida Office of Financial Regulation (OFR) said it’s allowing licensed mortgage industry professionals who file an application for a new license by December 31 to complete their applications by March 31, 2011 on Wednesday. All applications still must be initially filed in the Nationwide Mortgage Licensing System (NMLS) by December 31, but individuals and [...]

Pending home sales rose 3.5 percent on contracts signed in November, matching the broad trend over the past five months indicating a gradual recover in to 2011 according to the National Association of Realtors. Lawrence Yun, NAR chief economist, said historically high housing affordability is boosting sales activity. “In addition to exceptional affordability conditions, steady [...]

The latest housing figures show that while homes remain affordable with interest rates near record lows, the market remains fragile as prices are unsettled. Foreclosure starts and completions fell 21 percent – the biggest month over month decrease since 2005 – as lenders review internal servicing procedures according to the Obama Administration’s December housing scorecard. [...]

A group of consumer advocates claim the Federal Reserve’s proposed rule to strengthen reverse mortgage protections could actually encourage predatory lending targeted at the elderly. According to the Fed, the proposal would improve the disclosures consumers receive for reverse mortgages and impose rules to ensure advertisements contain accurate and balanced information.  But the the Center for [...]