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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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AAG Changes Conversation Around Home Equity

After a steady period of increased home price appreciation, many senior homeowners now have a solid foundation of equity in their homes. For Baby Boomers entering retirement, tapping into their home equity with a Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage loan, can enable them to stay financially secure in their […]

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Zip Codes that Hold the Most Home Equity

More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019. This is down just one half a percent from the previous quarter, ATTOM Data Solutions revealed in its latest Home Equity & Underwater Report. It’s also slightly less than the percentage of equity levels seen one […]

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The 55+ Housing Market is Booming

According to the latest from the National Association of Home Builders, builder confidence in the 55+ market reached 76 in the first quarter of 2019 – up six points from the previous quarter and the highest score since the index started more than a decade ago. Keep reading…

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Focusing on Smart Use of Housing Wealth

As defined benefit plans and pensions become a thing of the past, researchers continue to extoll home equity’s critical role in retirement income planning. For some time, a group of academics and financial planning professionals have sought to spread that message, forming the Funding Longevity Task Force to drive this mission and working in partnership with the […]

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