The Senate Appropriations Committee passed the fiscal year 2016 Transportation, Housing and Urban Development, and Related Agencies (THUD) appropriations bill yesterday that includes $37.56 billion for HUD programs. … more Senate Committee Passes THUD Appropriations Bill
Legislation
Senator Highlights Aging Priorities
Speaking at a White House Conference on Aging regional forum in Boston yesterday, Senator Elizabeth Warren (D-MA) outlined her top three priorities for protecting aging Americans: modernizing Social … more Senator Highlights Aging Priorities
Utah Enacts Reverse Mortgage Legislation
The Utah state legislature recently passed the Utah Reverse Mortgage Act, which was signed into law on March 27 by Governor Gary Herbert. The bill, S.B. 120, includes … more Utah Enacts Reverse Mortgage Legislation
F2F Counseling Remains In Effect in MAMembers Only
The Massachusetts legislature this week failed to restore a two-year delay for mandatory face-to-face counseling.
State of Georgia Bans Two Lenders for Employing Felons
The Georgia Department of Banking and Finance barred lenders from ever again applying for mortgage banker or mortgage broker licenses. Find out why.
California Governor Approves Reverse Mortgage Consumer Protection Bill
California Gov. Jerry Brown signed a new consumer protection bill that imposes a 7-day “cooling off” period between the time a borrower is counseled and the application begins.
Massachusetts In-Person Counseling RequirementsMembers Only
Massachusetts’ Division of Banks confirmed with NRMLA’s outside legal counsel that those seniors who received counseling on or before July 31, do not have to be re-counseled in-person.