House Passes Stimulus Bill with Loan Limit Increase

We are pleased to report that the economic recovery bill passed by the U.S. House of Representatives last night includes the provision we reported to you last week that would set the single national loan limit for the HECM program at 150% of the Freddie Mac loan limit. Currently, the Freddie Mac limit is $417,000, …

Social Security Administration Promoting Online Retirement Tool

The Social Security Administration just announced a new application that allows qualified individuals to register for Social Security benefits online in as little as 15 minutes. The SSA will be hosting a free demonstration–Retire Online. It’s So Easy!–on January 29 at 2 p.m. To RSVP, please visit http://www.socialsecurity.gov/survey/retireonlinersvp.htm. Be sure to invite your clients and …

HECM Loan Limit Increase Included in Stimulus Plan

We are pleased to announce that the draft of the economic recovery bill released by the House of Representatives late yesterday contains a provision, inserted in response to a request that came jointly from NRMLA and AARP, that would set the single national loan limit for HECM at a higher level than $417,000–for the balance …