Last week, Consumer Financial Protection Bureau Director Kathleen Kraninger testified for 3.5 hours before the House Financial Services Committee on the Bureau’s Fall 2019 Semi-Annual Report and her … more CFPB Director Discusses 2020 Priorities Before House Lawmakers
Legislation
President’s FY2021 Budget Forecasts Strong HECM Performance
The White House this week released a Fiscal Year 2021 proposed budget that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next federal … more President’s FY2021 Budget Forecasts Strong HECM Performance
Senate Aging Committee Shines Spotlight on Social Security Scam
This week, the Senate Special Committee on Aging held a public hearing that examined the Social Security Impersonation Scam that last year cost seniors $38 million. The Committee also released … more Senate Aging Committee Shines Spotlight on Social Security Scam
Tracking State LegislationMembers Only
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New York Introduces Bill to Fix HECM Marketing Restriction
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
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
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 HECMsMembers Only
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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