It may take a few years, but Medicare recipients will start paying less for some prescription drugs and out-of-pocket costs for medications will be capped annually at $2,000, … more 5 Ways the Inflation Reduction Act Impacts Older Americans
Legislation
Congress to Debate Retirement Savings Bills
Expanding access to retirement savings accounts remains a hugely popular issue for congressional lawmakers from both parties. When they return from their summer recess in September, lawmakers will … more Congress to Debate Retirement Savings Bills
HECM Cap Language Included In THUD Appropriations Bills
Language that allows the Federal Housing Administration to continue insuring Home Equity Conversion Mortgages was included in a package of six appropriations bills that passed the House of … more HECM Cap Language Included In THUD Appropriations Bills
Telephone/Video Counseling Extended In Massachusetts
Massachusetts Lt. Governor Karen Polito signed legislation into law last weekend that reinstates telephone/video counseling through March 31, 2023. The last extension expired on July 15. NRMLA extends … more Telephone/Video Counseling Extended In Massachusetts
Senate Confirms Julia Gordon As FHA Commissioner
By a vote of 51-50, the Senate last evening confirmed Julia Gordon as the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. Vice President Kamala Harris provided the … more Senate Confirms Julia Gordon As FHA Commissioner
Tracking State Legislation
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AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Testifying before the Senate Banking Committee, Shannon Guzman (pictured), Senior Strategic Policy Advisor at AARP Public Policy Institute, recommended that the Department of Housing and Urban Development improve … more AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
White House Budget Forecasts Strong HECM Performance
The Biden Administration released a Fiscal Year 2023 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next federal … more White House Budget Forecasts Strong HECM Performance
LIBOR Transition Guidelines Added to Federal Spending Package
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Telephone/Video Counseling Extended in Massachusetts
Massachusetts Governor Charlie Baker signed a supplemental spending bill that reinstates video and telephone counseling for reverse mortgage borrowers until July 15, 2022. The Massachusetts Division of Banks … more Telephone/Video Counseling Extended in Massachusetts
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