By a vote of 51-50, the Senate last evening confirmed Julia Gordon as the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. Vice President Kamala Harris provided the … more Senate Confirms Julia Gordon As FHA Commissioner
Federal
AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Testifying before the Senate Banking Committee, Shannon Guzman (pictured), Senior Strategic Policy Advisor at AARP Public Policy Institute, recommended that the Department of Housing and Urban Development improve … more AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
White House Budget Forecasts Strong HECM Performance
The Biden Administration released a Fiscal Year 2023 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next federal … more White House Budget Forecasts Strong HECM Performance
LIBOR Transition Guidelines Added to Federal Spending Package
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Senate Aging Committee Releases Financial Literacy Resources
The U.S. Senate Special Committee on Aging released a bipartisan report that examines the real-time information and help older Americans and people with disabilities need as they face … more Senate Aging Committee Releases Financial Literacy Resources
An Overview of Reverse Mortgage History
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
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
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