Tennessee Governor Bill Lee signed legislation (HB 2382) into law this week authorizing the approval of proprietary reverse mortgages in the state. The law took immediate effect. Why … more TN Governor Signs Bill Paving Way For Prop Products
Federal and State Legislation
Senate Budget Committee Holds Social Security Hearing
The Senate Budget Committee held a hearing this week on the future of Social Security, focusing on the program’s projected depletion and the need for legislative action to … more Senate Budget Committee Holds Social Security Hearing
Tracking State Legislation
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NRMLA Seeks Changes to NJ Counseling Bill
NRMLA submitted a letter to New Jersey State Senator Shirley K. Turner requesting revisions to a reverse mortgage counseling bill (Senate Bill 264) that she recently introduced. NRMLA … more NRMLA Seeks Changes to NJ Counseling Bill
NRMLA and Its TN Members Urge Passage of Reverse Mortgage Bills
This week, NRMLA submitted letters of support to the sponsors of Tennessee House Bill 2382 and Senate Bill 2190 that would authorize proprietary reverse mortgages. Why it matters: … more NRMLA and Its TN Members Urge Passage of Reverse Mortgage Bills
Highlights From FHA’s Annual Report to Congress
For a fifth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2025 Annual Report … more Highlights From FHA’s Annual Report to Congress
NRMLA Submits Letters of Support for NJ Bills
NRMLA sent letters to the sponsors of New Jersey Senate Bill 4970 and Assembly Bill 6291 for explicitly exempting reverse mortgage transactions from an existing regulatory requirement that … more NRMLA Submits Letters of Support for NJ Bills
Senate Confirms Gormley, Cassidy Nominations
The Senate has just confirmed Joe Gormley (pictured left) as President of Ginnie Mae and Frank Cassidy as Assistant Secretary for Housing/Federal Housing Commissioner. “We applaud the Senate … more Senate Confirms Gormley, Cassidy Nominations
HUD RIFs Reversed
President Trump signed into law a Continuing Resolution late Wednesday that funds most federal agencies, including the Department of Housing and Urban Development, through January 30, 2026. Why … more HUD RIFs Reversed
NRMLA Asks Lawmakers to Address HUD Firings
NRMLA submitted letters to the leadership of the Senate Banking Committee and House Financial Services Committee to seek their assistance with the recent Reduction in Force (RIF) involving … more NRMLA Asks Lawmakers to Address HUD Firings
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