U.S. House Passes Bill to Fund HUD, Transportation Dept.

At the end of the 20th day of the partial United States government shutdown, the Democratically-controlled House of Representatives passed a standalone spending bill to fund and reopen both the Department of Housing and Urban Development (HUD) and the Department of Transportation, along with a handful of other agencies. According to The Hill, the House […]

Waters Introduces Bill Aimed at Reducing Reverse Mortgage Foreclosures

Congresswoman Maxine Waters (D-Ca.), member of the Committee on Financial Services, introduced a bill on October 27 that is aimed toward preventing unfair foreclosures among seniors with Home Equity Conversion Mortgages. Titled “Preventing Foreclosures on Seniors Act,” the legislation focuses on reforms to HUD’s HECM program that would help borrowers and non-borrowing spouses of reverse […]