Federal

The Senate Banking Committee approved the nomination of Carol J. Galante to be the next FHA Commissioner, but some Republican lawmakers are vowing to fight her final confirmation.

President Obama today signed into law an appropriations bill that funds the Department of Housing and Urban Development for fiscal year 2012 and includes $45 million for counseling.

Testifying before Congress, recently appointed FHA commissioner Carol Galante reported that changes implemented over the past year have helped stabilize the Mutual Mortgage Insurance Fund.

Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced new legislation (HR 2413) that would create a government-owned credit facility to replace Fannie Mae and Freddie Mac.

Every person should have a rudimentary understanding of the legislative process because the housing bills that eventually become laws impact our lives and our jobs. NRMLA developed a memo to explain the process.

NRMLA has developed a document showing the key members of Congress who touch the reverse mortgage program.

I remember sitting in the briefing room with my colleague Marty Bell, television cameras and monitors scattered throughout, waiting for the Secretary of Housing and Urban Development and his top advisors to announce the President’s proposed fiscal year 2011 budget.

NRMLA's legal counsel, Weiner Brodsky Sidman Kider, produced the following memo on the financial services reform bill recently signed into law by President Obama.

Following is a copy of Section 255 of the National Housing Act, which governs the HECM program.