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
Federal
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
Congressional Hearing Examines HECM and How It Can Be Improved
In the first hearing of its kind in seven years, members of the Subcommittee on Housing, Insurance and Community Development invited industry and consumer stakeholders to discuss the current state … more Congressional Hearing Examines HECM and How It Can Be Improved
GAO: FHA Needs to Improve Monitoring and Oversight of HECM Outcomes and Servicing
The Federal Housing Administration could do a better job evaluating the performance of its reverse mortgage program and overseeing the companies that service loans, according to a General Accountability … more GAO: FHA Needs to Improve Monitoring and Oversight of HECM Outcomes and Servicing
Trump Officials Advocate Proposed Housing Reforms to Senators
Less than a week after the Trump Administration released its proposed Housing Finance Reform Plan, the chief architects behind the proposals – Treasury Secretary Steve Mnuchin, Housing Secretary … more Trump Officials Advocate Proposed Housing Reforms to Senators
What Congress Is Doing to Fix America’s Retirement System
Improving retirement security has become a top priority for Congress in 2019, according to various press accounts. Advocates are watching three bills – the SECURE Act, the Butch … more What Congress Is Doing to Fix America’s Retirement System
CBO Offers Solutions For Improving Financial Health of HECM Program
The Congressional Budget Office (CBO), an agency within the legislative branch that provides budgetary and economic information to Congress, published a report last week that presented four policy … more CBO Offers Solutions For Improving Financial Health of HECM Program
House Committee Unanimously Passes Landmark Retirement Legislation
The most comprehensive changes to private retirement plans in more than a decade are gaining momentum in Congress, according to media reports. The House Ways and Means Committee … more House Committee Unanimously Passes Landmark Retirement Legislation
Increased Oversight of HECM Cited in President’s Budget
The Department of Housing and Urban Development’s Office of the Inspector General will expand its oversight of the HECM program, ensuring it does not pose undue risk to … more Increased Oversight of HECM Cited in President’s Budget
Congressional Hearings Address Retirement Security Challenges
This week, the House Ways and Means Committee and the Senate Special Committee on Aging held public hearings to discuss solutions for improving America’s retirement system. Among the … more Congressional Hearings Address Retirement Security Challenges