Utah Governor Spencer Cox signed legislation (HB 94) into law that lowers the minimum borrower age for proprietary reverse mortgage borrowers from 62 to 55 and changes the … more Utah Makes Improvements to Reverse Mortgage Law
Legislation
NRMLA Urges MA Lawmaker to Support Telephone/Video Counseling
NRMLA President Steve Irwin submitted a letter to the President of the Massachusetts Senate, state Senator Karen Spilka, urging her to support legislative efforts to allow borrowers to … more NRMLA Urges MA Lawmaker to Support Telephone/Video Counseling
White House Budget Forecasts Strong HECM Performance
The Biden Administration released appendices to its Fiscal Year 2024 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program for the … more White House Budget Forecasts Strong HECM Performance
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
House Financial Services Committee Publishes Agenda For Next Two Years
The House Financial Services Committee, chaired by Representative Patrick McHenry (R-NC), published an Authorization and Oversight Plan this week that provides a sneak peek into the areas that … more House Financial Services Committee Publishes Agenda For Next Two Years
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. Sherrod Brown … more Congressional Committee Rosters
New HECM Disclosure Proposed In NY Bill
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Retirement Expert Jamie Hopkins Discusses Secure 2.0
On December 30, the Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act – a bill featuring more than 100 provisions aimed at modernizing and improving the … more Retirement Expert Jamie Hopkins Discusses Secure 2.0
New York Passes Foreclosure Abuse Prevention Act
By Weiner Brodsky Kider On December 30, New York Governor Kathy Hochul signed Assembly Bill 7737B, which will disallow lenders and servicers conducting business in New York from … more New York Passes Foreclosure Abuse Prevention Act
Senate Committee Holds Hearing on Stopping Senior Scams
The U.S. Senate Special Committee on Aging held a hearing recently titled “Stopping Senior Scams: Empowering Communities to Fight Fraud.” Ranking Member Tim Scott (R-SC) and Chairman Bob Casey … more Senate Committee Holds Hearing on Stopping Senior Scams