NRMLA’s State and Local Issues Committee is actively monitoring activity in the state legislatures. Among the bills the committee is closely watching is New York Senate Bill 7184. NRMLA’s … more New York Introduces Bill to Fix HECM Marketing Restriction
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In Memoriam: Mike Fitzpatrick, Co-Author of Reverse Mortgage Stabilization Act
Michael Fitzpatrick, a former congressman from suburban Philadelphia who co-sponsored the Reverse Mortgage Stabilization Act of 2013 with then-freshman Congressman Denny Heck (D-WA), passed away this week after … more In Memoriam: Mike Fitzpatrick, Co-Author of Reverse Mortgage Stabilization Act
Congress Set to Pass Major Retirement Bill
Lawmakers are expected to pass the first major piece of retirement legislation in a decade this week. The Setting Every Community Up for Retirement Enhancement Act, or SECURE … more Congress Set to Pass Major Retirement Bill
New York Governor Vetoes Co-Op Legislation
New York Governor Andrew Cuomo vetoed legislation (Senate Bill 3686-B) last week that would have permitted reverse mortgages on cooperative housing. While FHA does not permit Home Equity … more New York Governor Vetoes Co-Op Legislation
Senate Banking Committee Confirms Montgomery Nomination
By a vote of 20 to 5, the Senate Banking Committee this week approved the nomination of Brian Montgomery to be the next Deputy HUD Secretary. In addition … more Senate Banking Committee Confirms Montgomery Nomination
New York Governor Signs Bill Regulating HECMs
By Soroush Shahin, Weiner Brodsky Kider PC On December 6, 2019, New York Governor Andrew Cuomo signed into law a bill, Assembly Bill 5626 (AB 5626), which, among … more New York Governor Signs Bill Regulating HECMs
FHA Commissioner Shares Achievements and Priorities With Housing Subcommittee
Testifying today before the Housing, Community Development and Insurance Subcommittee in the U.S. House of Representatives, Federal Housing Administration Commissioner Brian Montgomery said FHA has made “tremendous strides” … more FHA Commissioner Shares Achievements and Priorities With Housing Subcommittee
Senate Aging Committee Holds Hearing on Falls Prevention
Last week, the U.S. Senate Special Committee on Aging released a report and held a public hearing on reducing the risk of falls and fall-related injuries. One in … more Senate Aging Committee Holds Hearing on Falls Prevention
Housing Secretary Promotes Reforms to Improve HECM Solvency
Testifying before the House Financial Services Committee this week, Secretary of Housing and Urban Development Dr. Ben Carson said financial volatility within the HECM program remains a constant … more Housing Secretary Promotes Reforms to Improve HECM Solvency