Financial Services Committee Chairwoman Maxine Waters (D-CA) introduced the Emergency Housing Protections and Relief Act (H.R. 7301) this week to protect renters and homeowners, including reverse mortgage borrowers, … more Waters Introduces COVID-19 Bill That Helps HECM Borrowers
Federal
Senate Holds Confirmation Hearing for FHA Commissioner Nominee
Dana Wade, President Trump’s nominee to be the next Assistant Secretary for Housing/FHA Commissioner, testified at a confirmation hearing this week before the Senate Banking Committee. It was … more Senate Holds Confirmation Hearing for FHA Commissioner Nominee
What Congress Has Done for COVID-19 Relief and What Might be Next
By Howard Bedlin and Marci Phillips | 4.8.2020 Since the COVID-19 pandemic began spreading across the country, Congress has passed three packages of legislation to protect public health … more What Congress Has Done for COVID-19 Relief and What Might be Next
Dana Wade Nominated to Be Next FHA Commissioner
The White House last week nominated Dana Wade to be the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. If approved by the Senate, Wade would replace Brian … more Dana Wade Nominated to Be Next FHA Commissioner
CFPB Director Discusses 2020 Priorities Before House Lawmakers
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
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
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
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