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AAG’s High-Functioning Wholesale Channel Offers Robust Support

To complement AAG’s fixed- and adjustable rate HECMs, the company successfully set out to offer reverse mortgages for owners of higher-value homes that appraised for more than the government’s HECM limits. These proprietary fixed, flex and select products now offer loan limits of up to $4 million. Keep reading…

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Zip Codes: Sharp Increases in Baby Boomers

Baby Boomers are on the move, and it’s not just to the warmer Southern states. While the South continues to appeal to this age group, Boomers also are moving westward, notably to cities like Las Vegas and Phoenix. Keep reading…

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Tracking Boomers Who Move Near Grandchildren

A quarter of baby boomers, the generation born between 1946 and 1964, will use retirement as an excuse to move closer to their grandchildren, according to Meyers Research. Some are even willing to move across state lines. Learn more…

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New High of $7.14 Trillion for Senior Housing Wealth

Homeowners age 62 and older saw their collective housing wealth increase in Q1 2019 by 2.7 percent compared to the previous quarter. This constitutes an increase of approximately $104 billion to a record of $7.14 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. […]

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FHA Changes Slash Default Rate

It’s been four years since the Federal Housing Administration instituted a policy requiring all prospective reverse mortgage borrowers to undergo a financial assessment to determine their suitability for the loan, and so far, it appears to be working. Learn more…

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Workers Lack Access to Retirement Savings Plans

31 percent of employed Americans have no access to retirement savings accounts through their workplace. This is according to a new survey conducted by retirement advocacy organization Funding Our Future, in partnership with private research company Morning Consult. Read more…

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How Much Does Long-Term Care Really Cost?

Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S. Department of Health and Human Services’ Administration on Aging. Keep reading…

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Existing Home Sales on the Rise

In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – climbed 2.5% from April to a seasonally adjusted rate of 5.34 million in May. Sales were 1.1% below May 2018’s rate. Keep […]

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The New Academy of Home Equity in Financial Planning

When it comes to retirement planning, discussions about downsizing, refinancing, making renovations to the home to support aging, reverse mortgage loans are ignored in most financial plans. This void is shocking since home equity is typically the largest asset that most Americans have as they near and enter retirement. This is according to a group […]

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Boomers Spend Big On Home Improvements

Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. That’s up 10% from 2015 and a whopping 50% from 2010’s low. The home improvement sector can thank the Baby Boomers for that. Learn more…

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