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
Legislation
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
NRMLA Submits Letter to PA Lawmakers
NRMLA sent a letter to 18 lawmakers in Pennsylvania who have co-sponsored legislation (House Bill 2316) that would implement new counseling requirements. While NRMLA is generally supportive of … more NRMLA Submits Letter to PA Lawmakers
Senate Aging Committee Releases Financial Literacy Resources
The U.S. Senate Special Committee on Aging released a bipartisan report that examines the real-time information and help older Americans and people with disabilities need as they face … more Senate Aging Committee Releases Financial Literacy Resources
An Overview of Reverse Mortgage History
NRMLA has created the following infographics that highlight key moments in the history of reverse mortgages and the FHA Home Equity Conversion Mortgage program. Please click on the … more An Overview of Reverse Mortgage History
NY and MA Reverse Mortgage Legislative Updates
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