The following committees have jurisdiction over reverse mortgages and the Home Equity Conversion Mortgage (HECM) program. U.S Senate Committee on Banking, Housing, and Urban Affairs Sen. Sherrod Brown … more Congressional Committee Rosters
Reference Section
Study: 67 Percent of Americans Prioritizing Present Needs Over Retirement
Two in three Americans (67 percent) say they are more concerned about paying bills right now than saving for their financial future, according to the 2022 Q4 Quarterly … more Study: 67 Percent of Americans Prioritizing Present Needs Over Retirement
Urban Institute Offers Solutions For Improving HECM Program
The Urban Institute published an op-ed this week that proposes policy changes to the Home Equity Conversion Mortgage program to guarantee its long-term financial stability and to avoid … more Urban Institute Offers Solutions For Improving HECM Program
Protecting Your Clients From Wire Fraud
Email hacking and wire fraud, with the intent to misdirect wired funds, is a growing concern. With the help of our servicer and title company members, NRMLA has … more Protecting Your Clients From Wire Fraud
New HECM Disclosure Proposed In NY Bill
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FHA Publishes Updates to Housing Policy Handbook 4000.1
The Federal Housing Administration updated its Housing Policy Handbook 4000.1 this week and while most of the changes only impact FHA’s forward mortgage program, there are a few … more FHA Publishes Updates to Housing Policy Handbook 4000.1
NeighborWorks America Announces Changes to Its HECM Hotline
NeighborWorks America notified NRMLA of the following changes to its HECM hotline. As of January 1, 2023, NeighborWorks America recommends that lenders and servicers direct consumers seeking reverse … more NeighborWorks America Announces Changes to Its HECM Hotline
HMBS December 2022 Part II: Issuer 42 to the Rescue
HMBS payoffs fell again in December, as the refinancing retreat continued. December payoffs totaled about $815 million, the lowest payoff amount in 23 months and the lowest payoff … more HMBS December 2022 Part II: Issuer 42 to the Rescue
Retirement Expert Jamie Hopkins Discusses Secure 2.0
On December 30, the Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act – a bill featuring more than 100 provisions aimed at modernizing and improving the … more Retirement Expert Jamie Hopkins Discusses Secure 2.0
Study: Student Loan Delinquencies Can Reduce Social Security Benefits
A new report from the Center for Retirement Research at Boston College finds that Social Security beneficiaries who are delinquent on federal student loans could face a four … more Study: Student Loan Delinquencies Can Reduce Social Security Benefits
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