Reverse Mortgage Jan-Feb 2021

Nationwide Property Inspections and Preservation Inspections Preservation Insurance Loss Inspections REO Services Violation Management Utility Management Vacant Property Registrations Foreclosure Registrations Special Services Protecting Your Properties. Protecting You. • NFROnline.com • 800-639-2151 statewide race garnering significant worldwide interest. She expects that about $200 million on each side—for a total of $400 million—will be spent on the race to sway voters. But even if the Democrats win the two seats and Harris has the ability to break a tie, the lobbyists don’t think that will mean great changes when it comes to pol- icies on HECMs. “Regardless of what happens, I do not think that your industry is going to be significantly affected by any change in party control,” Fennel says, adding that reverse mortgages have strong supporters on both sides of the aisle. “We have systematically cultivated bipartisan support over the years.” That support includes members and leaders of vari- ous committees, as well as the staff members, who are well aware of NRMLA’s concerns and issues. Like most of the way Washington works, she adds, lobbyists work more closely with staff members than elected officials. “Our supporters are just that, supporters,” says Fennel. “And they have stuck with us through thick and thin. And they stuck with us regardless of whether or not they were in control.” Fennel points out that the Georgia runoff races include David Perdue (R-GA) who serves on several committees important to NRMLA, including the Senate Committee on Banking, Housing and Urban Affairs. Assuming at least one Georgia race is won by a Republican—the other seat up for grabs is currently held by Republican Kelly Loeffler—the control would remain with the Republicans and technically create a divided government. (Loeffler NowWhat continued from page 17 NowWhat continued on page 20 “Regardless of what happens, I do not think that your industry is going to be significantly affected by any change in party control.” — Melody Fennel , Fennel Consulting LLC 18 REVERSE MORTGAGE / JANUARY-FEBRUARY 2021