This week, Congress unanimously approved a continuing resolution (CR) that keeps the federal government running through December 21, 2018. President Donald Trump is expected to sign the CR … more Congress Passes Short-Term Spending Measure
Federal
FHA Publishes FAQ For HECM Collateral Assessment Policies
In response to questions raised by NRMLA and its members, the Federal Housing Administration published a list of Frequently Asked Questions to help clarify its new collateral risk … more FHA Publishes FAQ For HECM Collateral Assessment Policies
Senate Banking Committee Confirms BCFP and Ginnie Mae Nominees
The Senate Banking Committee this week approved the nominations of Kathleen Laura Kraninger to be the next director of the Bureau of Consumer Financial Protection and Michael R. … more Senate Banking Committee Confirms BCFP and Ginnie Mae Nominees
Senate Holds Nomination Hearings for Ginnie Mae and BCFP Candidates
The Senate Banking Committee conducted separate hearings this past week for Kathleen Laura Kraninger and Michael R. Bright, President Donald Trump’s nominees to run the Bureau of Consumer Financial Protection and Ginnie … more Senate Holds Nomination Hearings for Ginnie Mae and BCFP Candidates
An Overview of Reverse Mortgage History
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Section 255, National Housing Act
Editor’s note: The Home Equity Conversion Mortgage (HECM) program was authorized by Congress under Section 255 of the National Housing Act. This page displays the HECM statute in … more Section 255, National Housing Act
Congressional Oversight
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 Chairman Mike Crapo … more Congressional Oversight
Bill Search: Reverse Mortgages
NRMLA members can track reverse mortgage legislation introduced by lawmakers in the United States House of Representatives or Senate during the 115th Congress (2017-2018) by visiting Congress.org. To learn … more Bill Search: Reverse Mortgages
HUD Secretary: HECM Has Made “Excellent Progress;” Condo Rule Coming
Testifying before the Financial Services Committee this week, Secretary of Housing and Urban Development Ben Carson expressed support for the Federal Housing Administration and its new commissioner, noted … more HUD Secretary: HECM Has Made “Excellent Progress;” Condo Rule Coming
President Taps Kathleen Kraninger To Lead BCFP
President Trump this week nominated White House budget official Kathy Kraninger to be the new permanent director of the Bureau of Consumer Financial Protection (BCFP). Kraninger would replace … more President Taps Kathleen Kraninger To Lead BCFP