New York Reverse Mortgage Foreclosure Bill Signed by Gov. Cuomo

A bill in New York requiring area lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of an impending foreclosure action on reverse mortgage borrowers has been signed into law by Governor Andrew Cuomo, codifying the measure into law after being passed by both houses of the state legislature this past summer. […]

Reverse Mortgage Legislator Elected Lt. Governor of Washington State

U.S. Representative Denny Heck (D-Wash.), who represents Washington state’s 10th congressional district in the U.S. House of Representatives, defeated his opponent in Tuesday’s general election in a contest deciding the next lieutenant governor of Washington state. This is according to data from the Washington secretary of state’s office and the Seattle Times. Heck, who announced […]