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
Legislation
CT Governor Signs Reverse Mortgage Counseling Bill
Connecticut Governor Dannel Patrick Malloy signed reverse mortgage counseling legislation into law this week that emulates existing rules mandated under the federal Home Equity Conversion Mortgage program. The … more CT Governor Signs Reverse Mortgage Counseling Bill
NRMLA Praises Senate Confirmation of Brian Montgomery As Next FHA Commissioner
By a vote of 74 to 23, the United States Senate on Wednesday confirmed Brian Montgomery as the next Assistant Secretary for Housing/Federal Housing Commissioner. “The Senate confirmed … more NRMLA Praises Senate Confirmation of Brian Montgomery As Next FHA Commissioner
In New Op-Ed NRMLA’s CEO Calls for Senate to Confirm FHA Commissioner Nominee
In an op-ed that appeared this week in National Mortgage News, one of the mortgage industry’s premier trade publications, NRMLA President and CEO Peter Bell urged the U.S. … more In New Op-Ed NRMLA’s CEO Calls for Senate to Confirm FHA Commissioner Nominee
New York Law Requires New Pre-Foreclosure Notice for Reverse Mortgages
By Jim Milano, Weiner Brodsky Kider PC On April 12, 2018, the New York legislature enacted and Governor Cuomo signed, Assembly Bill 9508, a budget bill. Obscured in … more New York Law Requires New Pre-Foreclosure Notice for Reverse Mortgages
HUD Committed to Helping HECM Borrowers Who Are Facing Default
The Department of Housing and Urban Development remains committed to operating the HECM program on a fiscally sound basis and to providing greater assistance for reverse mortgage borrowers … more HUD Committed to Helping HECM Borrowers Who Are Facing Default
HUD Secretary Carson Testifies Before Senate Appropriators
Testifying before the Senate Appropriations Committee this week, Secretary of Housing and Urban Development Ben Carson shared his Fiscal Year 2019 budgetary goals and priorities for HUD and … more HUD Secretary Carson Testifies Before Senate Appropriators
CFPB’s Mulvaney Says Bureau is Far Too Powerful
In his first report to Congress as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney this week made a series of recommendations to lawmakers that would … more CFPB’s Mulvaney Says Bureau is Far Too Powerful
NRMLA Comments on Legislation in Philly and CT
NRMLA Executive Vice President Steve Irwin submitted letters on behalf of the association to lawmakers in Philadelphia and Connecticut this week in response to legislation introduced in both … more NRMLA Comments on Legislation in Philly and CT
NRMLA EVP Steve Irwin Testifies on DC Reverse Mortgage Bill
In response to the District of Columbia City Council’s proposed Reverse Mortgage Foreclosure Prevention Act of 2017 (B22-0505), National Reverse Mortgage Lenders Association Executive Vice President offered testimony … more NRMLA EVP Steve Irwin Testifies on DC Reverse Mortgage Bill