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
Federal
Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security
Reverse mortgages offer a potentially useful tool to convert illiquid housing wealth into money to live on during retirement, according to congressional testimony provided by Shai Akabas, Director … more Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security
CFPB Director Discusses Priorities With House Committee
In his first public hearing before the House Financial Services Committee, newly confirmed CPFB Director Rohit Chopra outlined his priorities and positions on a number of issues. … more CFPB Director Discusses Priorities With House Committee
Senate Advances Chopra Nomination As CFPB Director
By a vote of 50 to 48, the Senate approved the nomination of Rohit Chopra to be director of the Consumer Financial Protection Bureau for a five-year term. … more Senate Advances Chopra Nomination As CFPB Director
Finance Committee Examines Opportunities to Enhance Retirement Security
The Senate Finance Committee held a hearing this week to examine ways Congress can build on bipartisan retirement legislation. Brian Graff, CEO of the American Retirement Association … more Finance Committee Examines Opportunities to Enhance Retirement Security
Senate Aging Committee Examines How Disabled Americans Can Build Wealth and Retirement Security
Last week, the U.S. Senate Special Committee on Aging held a hearing entitled, “Building Wealth and Fostering Independence: Creating Opportunities to Save” that examined the challenges that people … more Senate Aging Committee Examines How Disabled Americans Can Build Wealth and Retirement Security
Congress Looking to Make Further Changes to U.S. Retirement System
Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon, according to a CNBC.com … more Congress Looking to Make Further Changes to U.S. Retirement System
Senate Confirms Todman to Be Deputy HUD Secretary
The Senate approved Adrianne Todman to be Deputy Secretary for Housing and Urban Development. The nomination was approved by voice vote on Thursday evening, June 10. Todman was … more Senate Confirms Todman to Be Deputy HUD Secretary
White House Budget Forecasts Strong HECM Performance
The Biden Administration released a Fiscal Year 2022 proposed budget late last week that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next … more White House Budget Forecasts Strong HECM Performance
COVID Relief Bill Includes Funding to Help Delinquent Borrowers
The $1.9 trillion American Rescue Plan that President Biden signed last week contributes just under $10 billion to the Homeowners Assistance Fund that states will use to assist … more COVID Relief Bill Includes Funding to Help Delinquent Borrowers