NRMLA Applauds Senate Confirmation of Montgomery to Head FHA

NRMLA President and CEO Peter Bell issued the following statement today after the U.S. Senate voted 74-23 to confirm Brian Montgomery to serve as Assistant Secretary of the Department of Housing and Urban Development, Federal Housing Commissioner:

“Today the Senate confirmed a highly qualified housing leader with deep subject matter expertise, and experience working in the administrations of both political parties, to serve as the Commissioner of the Federal Housing Administration. We applaud the Senate for its bipartisan support of Brian Montgomery’s nomination and look forward to working with the incoming Commissioner on efforts to support and sustain the HECM program, which more than one million older households have used to supplement their retirement savings and age in place.”

About the National Reverse Mortgage Lenders Association
The National Reverse Mortgage Lenders Association (NRMLA) is the national voice for the industry and represents the professionals responsible for more than 90 percent of reverse mortgage transactions in the United States. All NRMLA member companies commit themselves to a Code of Ethics & Professional Responsibility. Learn more at www.nrmlaonline.org and NRMLA’s consumer education website www.reversemortgage.org.

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Media Contact: Jenny Werwa, 202-939-1783, jwerwa@dworbell.com