Minnesota Governor Tim Walz recently signed into law House File 333 (HF 333), which amends the state’s reverse mortgage loan statute to, among other things, require reverse mortgage … more State Update: MN Amends Reverse Mortgage Servicing Requirements
Legislation
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Todman Nominated to Be Deputy HUD Secretary
President Joe Biden announced his intent to nominate Adrianne Todman to be Deputy Secretary for Housing and Urban Development. Todman is currently the CEO of the National Association … more Todman Nominated to Be Deputy HUD Secretary
COVID Relief Bill Includes Funding to Help Delinquent Borrowers
The $1.9 trillion American Rescue Plan that President Biden signed last week contributes just under $10 billion to the Homeowners Assistance Fund that states will use to assist … more COVID Relief Bill Includes Funding to Help Delinquent Borrowers
Senate Approves Fudge As Housing Secretary
By a vote of 66 to 34, the Senate confirmed Marcia Fudge as the next Secretary of Housing and Urban Development, making her the first African-American woman to … more Senate Approves Fudge As Housing Secretary
Advocacy Update-NRMLA Testifies Second Time in Maryland
For the second time in two weeks, NRMLA President Steve Irwin testified before the Maryland Assembly in favor of a reverse mortgage bill that would help expand reverse … more Advocacy Update-NRMLA Testifies Second Time in Maryland
NY Amends Servicing Requirements for HECMs
by Weiner Brodsky Kider New York recently enacted Senate Bill 884 (SB 884), which amends the HECM servicing requirements under the newly added section 280-d of the New York Real … more NY Amends Servicing Requirements for HECMs
Congressional Committee Rosters
The following committees have jurisdiction over reverse mortgages and the Home Equity Conversion Mortgage (HECM) program. U.S Senate Committee on Banking, Housing, and Urban Affairs Sen. Sherrod Brown … more Congressional Committee Rosters
NRMLA President Testifies Before Maryland Lawmakers
NRMLA President Steve Irwin testified this week before the Senate Finance Committee in the Maryland General Assembly in favor of a reverse mortgage bill that would help expand … more NRMLA President Testifies Before Maryland Lawmakers
Rep. Stivers Named Ranking Member of Housing Subcommittee
Congressman Steve Stivers (R-OH), who has represented Ohio’s 15th congressional district since 2011, has become the ranking member of the Subcommittee on Housing, Community Development and Insurance in … more Rep. Stivers Named Ranking Member of Housing Subcommittee