On December 27, President Trump signed the “Consolidated Appropriations Act of 2021” which keeps the federal government running through the end of September 2021, but also includes $900 … more How the New Coronavirus Stimulus Package Impacts Seniors
Legislation
Senate Aging Committee Examines Disparate Health Impacts on Minorities
The Senate Aging Committee conducted a hearing recently that examined ways to address COVID-19’s disparate health impacts on older adults in racial and ethnic minority communities. The committee … more Senate Aging Committee Examines Disparate Health Impacts on Minorities
Pandemic Could Reduce 3M Workers’ Social Security Benefits
As a result of the COVID-19 pandemic, about three million retired workers who turn 60 years old in 2020 will very likely have much lower lifetime Social Security … more Pandemic Could Reduce 3M Workers’ Social Security Benefits
Important Updates to New York Reverse Mortgage RegulationsMembers Only
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HECM Foreclosure Bill Advances in NY Legislature
New York lawmakers this week passed legislation that would provide additional protections for HECM borrowers who are facing foreclosure. Assembly Bill 5627/Senate Bill 4408 will be sent to … more HECM Foreclosure Bill Advances in NY Legislature
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
Colorado Adopts Retirement Savings Program
Nearly a million Colorado workers who lack a retirement savings plan at work will soon gain that benefit under a bill that Gov. Jared Polis signed into law … more Colorado Adopts Retirement Savings Program
DC Passes Law to Help Delinquent Reverse Mortgage Borrowers
The District of Columbia implemented a new law that extends and slightly expands the existing DC reverse mortgage tax and insurance payment assistance program. The “Reverse Mortgage … more DC Passes Law to Help Delinquent Reverse Mortgage Borrowers
Waters Introduces COVID-19 Bill That Helps HECM Borrowers
Financial Services Committee Chairwoman Maxine Waters (D-CA) introduced the Emergency Housing Protections and Relief Act (H.R. 7301) this week to protect renters and homeowners, including reverse mortgage borrowers, … more Waters Introduces COVID-19 Bill That Helps HECM Borrowers
New York DFS Publishes Reverse Mortgage Lending Authority License GuidelinesMembers Only
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