President Barack Obama signed a Continuing Resolution (HR 5325) into law today that keeps the federal government running through December 9. The Continuing Resolution funds federal agencies, like … more Government Funding Extended; No Break in FHA Insuring Authority
Legislation
Senate Unanimously Passes Bipartisan Condo Legislation
The U.S. Senate approved legislation by unanimous consent that is designed to make FHA’s condo recertification process substantially less burdensome. H.R. 3700, the “Housing Opportunity Through Modernization Act,” passed … more Senate Unanimously Passes Bipartisan Condo Legislation
NRMLA Urges Passage of NY Co-Op BillMembers Only
You must be logged in to view this content.
Legislative Updates: THUD Appropriations and Transitional Licensing
Thus Appropriations The Appropriations Committee in the House of Representatives passed the Fiscal Year 2017 Transportation, Housing and Urban Development, and Related Agencies (THUD) appropriations bill this week that includes … more Legislative Updates: THUD Appropriations and Transitional Licensing
MD Legislature Adjourns Without Approving Escrow Bill
The Maryland General Assembly recently adjourned without passing a bill that would have required reverse mortgage lenders to establish escrow accounts for the payment of property taxes and … more MD Legislature Adjourns Without Approving Escrow Bill
Golding to Congress: HECM Reforms Working
Edward L. Golding, Principal Deputy Assistant Secretary for the Office of Housing at HUD, testified before Congress that extensive reforms to the HECM program over the past two … more Golding to Congress: HECM Reforms Working
MA Regulator Finalizes Flood Insurance Guidelines
The Massachusetts Division of Banks published a final regulation this week that prohibits creditors from requiring residential property owners to buy flood insurance in an amount that exceeds … more MA Regulator Finalizes Flood Insurance Guidelines
Illinois RM Bill implements Cooling Off Period and Educational Documents
Illinois Governor Bruce Rauner (R ) signed legislation into law that would implement a 3-day “cooling-off” period, impose restrictions on the cross-selling of insurance products, create new borrower … more Illinois RM Bill implements Cooling Off Period and Educational Documents
Rhode Island Amends Reverse Mortgage Statute
Rhode Island has amended its statute regulating reverse mortgage loans. As amended, the statute allows a reverse mortgage lender to perform certain actions in processing a reverse mortgage … more Rhode Island Amends Reverse Mortgage Statute
Utah Enacts Reverse Mortgage Act With “Cooling Off” Period
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 Act With “Cooling Off” Period