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State / Local
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
New York DFS Publishes Reverse Mortgage Lending Authority License Guidelines
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New York HECM Approval Announcement
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Breaking News-MA Division of Banks Issues COVID-19 Counseling Guidance
Today, the Massachusetts Division of Banks published guidance on reverse mortgage counseling requirements during the COVID-19 emergency. Massachusetts Governor Charlie Baker signed a bill (HB4647) into law last … more Breaking News-MA Division of Banks Issues COVID-19 Counseling Guidance
New York Legislative and Regulatory Update
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Massachusetts Allows Remote Counseling During COVID-19
This evening, Massachusetts Governor Charlie Baker signed a bill (HB4647) into law that allows reverse mortgage applicants to receive the required counseling remotely, by phone or video conference, … more Massachusetts Allows Remote Counseling During COVID-19
Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
Lawmakers in Massachusetts are considering a housing security bill (S. 2621) that protects renters and homeowners from eviction and foreclosure during the COVID-19 pandemic, and also permits real-time … more Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
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