Forbes: Tax Issues Surrounding Reverse Mortgage Repayment

Once a Home Equity Conversion Mortgage (HECM) comes due, there are certain options that are available to the relevant borrowing parties when repaying the loan’s balance, but they also come with their own tax implications. This is according to Dr. Wade Pfau, professor of retirement income at the American College of Financial Services and a […]

The Causes and Effects of an Early Retirement

Over a third of all American workers retire earlier than planned, and do so for various reasons that can relate to health, employment, family and finances, but these kinds of shocks still only comprise only a quarter of recorded early retirements. This indicates that other factors are at play, according to a new research brief […]

Forbes Offers Reasons to Avoid Reverse Mortgages

There are at least four major reasons that potential borrowers should avoid taking a reverse mortgage, according to economics professor Teresa Ghilarducci of The New School based in New York, N.Y. in a new column at Forbes. While admitting that reverse mortgages may work for some, she says that is not true of everyone. However, […]

Social Security Minimum Benefits Fail to Prevent Senior Poverty

The Social Security program’s minimum benefit for retirees who have very low career earnings fails to prevent a beneficiary in this category from staying out of poverty, and the benefit itself is continually being eroded because of a design flaw. This is according to a new research brief released by the Boston College Center for […]

Freddie Mac: Aging in Place Causing Available Housing Shortage

In 2019, the United States will fall short of meeting its housing needs by roughly 2.5 million units, while simultaneously members of the millennial generation are buying fewer homes at this point in their lives compared with previous generations at similar periods. While aging in place is touted as the preferred solution for many older […]

RMD Report: What Originators Want From New Proprietary Reverse Mortgages

The emergence of new, proprietary offerings in the reverse mortgage market has been seen by originators and business observers as a general boon to the larger industry. Certain firms recently shared with RMD that, in the case of proprietary “jumbo” loans that are outside the purview of Federal Housing Administration (FHA) oversight, they’ve seen a […]

Social Security Program Changes, Effects on Reverse Mortgage Borrowers

This year, the Social Security program will be seeing its largest cost of living adjustment (COLA) in seven years, with beneficiaries receiving an additional 2.8 percent to their benefit payout. The result of the COLA for the average individual retired Social Security beneficiary is expected to be a monthly benefit jump from $1,422 to $1,461, […]

January HMBS Issuance Signals Sluggish Year Ahead

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) declined in January to $614 million. This is down from December’s stronger showing but still maintains similar numbers to those found in recent months, which could also indicate lower volume for the year when compared with 2018. This is according to publicly available GNMA data […]

BCCRR: Public Investment Plans Make Riskier Investments Than Private Plans

Public sector investment plans invest more in riskier assets than private plans, even when controlling for a number of different factors. This is according to a research brief released by Boston College’s Center for Retirement Research (BCCRR). The basis of the research began with a long-held assumption about the investment activity of pension plans at […]

January’s Reverse Mortgage Endorsement Data Clouded by Government Shutdown

Home Equity Conversion Mortgage (HECM) endorsements dipped 5.8 percent to 1,649 loans in the month of January. The recent federal government shutdown, the longest in American history, has obfuscated the data to a point that this endorsement figure likely doesn’t fully relate the whole story. A few days after the shutdown first began, new endorsements […]