Congressman Emanuel Cleaver, a United Methodist pastor and former mayor of Kansas City who has represented the 5th District of Missouri since 2005, will become the next chairman … more Rep. Cleaver Named Chairman of Housing Subcommittee
Legislation
How the New Coronavirus Stimulus Package Impacts Seniors
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
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 Regulations
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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
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 Guidelines
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