For a fifth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2025 Annual Report … more Highlights From FHA’s Annual Report to Congress
Congressional Oversight
In this section, you’ll gain a better understanding of the role of the federal government and Congress in its oversight of the FHA Home Equity Conversion Mortgage.
Senate Confirms Gormley, Cassidy Nominations
The Senate has just confirmed Joe Gormley (pictured left) as President of Ginnie Mae and Frank Cassidy as Assistant Secretary for Housing/Federal Housing Commissioner. “We applaud the Senate … more Senate Confirms Gormley, Cassidy Nominations
HUD RIFs Reversed
President Trump signed into law a Continuing Resolution late Wednesday that funds most federal agencies, including the Department of Housing and Urban Development, through January 30, 2026. Why … more HUD RIFs Reversed
NRMLA Asks Lawmakers to Address HUD Firings
NRMLA submitted letters to the leadership of the Senate Banking Committee and House Financial Services Committee to seek their assistance with the recent Reduction in Force (RIF) involving … more NRMLA Asks Lawmakers to Address HUD Firings
Congress 101
To learn more about the legislative process and how a bill becomes law, please download the slide presentation, Congress 101: Understanding the Legislative Process. From this presentation, you’ll learn … more Congress 101
Congressional Leaders Announce Policy Priorities
Senate Banking Committee Chairman Senator Tim Scott (R-SC) and House Financial Services Committee Chairman Rep. French Hill (R-AR) announced their legislative agendas for the 119th Congress. What they’re … more Congressional Leaders Announce Policy Priorities
Congressional Committee Rosters
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 Sen. Tim Scott … more Congressional Committee Rosters
Rep. French Hill Chosen to Lead Financial Services Committee
On December 12, 2024, House Republican leaders selected Rep. French Hill (R-AR) to chair the House Financial Services Committee in the 119th Congress. What’s next: The House Republican Conference … more Rep. French Hill Chosen to Lead Financial Services Committee