Legislation


 NRMLA tracks issues related to reverse mortgages on both the federal and state level. This section contains information on pending legislation, Congress, and the legislative process.


Federal


House Debates FHA Modernization Bill May 7, 2008

Today, Financial Services Committee Chairman Barney Frank (D-MA) plans to bring “The American Housing Rescue and Foreclosure Act” to the House floor for a vote. This is a “rollup” piece of legislation that includes a number of housing related matters, including FHA Modernization.


Guide to Contacting the U.S. Congress April 18, 2008

NRMLA's Congressional Relations Committee has developed the following PowerPoint presentation to help educate our members on the importance of political advocacy.


Congress 101 April 18, 2008

NRMLA's Congressional Relations Committee has prepared the following presentation to help educate members on the legislative process.


Fannie Mae HomeKeeper Loan Limit Will Remain At $417,000 March 8, 2008

Today, the Office of Federal Housing Enterprise Oversight (OFHEO) announced a temporary increase in the GSE (Fannie Mae/Freddie Mac) conforming loan limit as a result of the Economic Stimulus Act of 2008.


FHA Temporary Loan Limit Increases Not Applicable to HECMs March 7, 2008

FHA announced on March 6, 2008 a temporary increase in loan limits for all forward mortgages as a result of the Economic Stimulus Act of 2008.

 

State / Local


State Legislative Tracking Chart November 9, 2007

NRMLA's State & Local Issues Committee has drafted the following document to track state legislation and/or regulations that impact reverse mortgages (either directly or indirectly).


State Regulatory Update (Eastern States Only) May 1, 2007

The memo summarizes mortgage licensing updates, new state laws, as well as selected regulatory updates published within the past year by the U.S. Department of Housing and Urban Development.


All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.