Reverse Mortgage Industry Cautious About Trump HECM Proposals

Late last week, the United States Department of the Treasury under the direction of President Donald J. Trump unveiled a new series of proposals aimed at improving the nation’s housing finance system, including a number of proposed changes to the Home Equity Conversion Mortgage (HECM) program. While the housing industry largely applauded the proposed changes, […]

Trump Housing Reform Plan Calls for HECM Program Improvements

Following up on a directive to reform and streamline housing finance made by President Donald J. Trump in a March memorandum, the United States Department of the Treasury has submitted its housing finance reform plan to the president for his approval, which includes specific proposals to streamline the Home Equity Conversion Mortgage (HECM) program. Aspects […]

President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program

President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to end the conservatorship of Freddie Mac and Fannie Mae that has been […]

Office of Inspector General to Expand Reverse Mortgage Oversight

The Trump Administration plans for its Office of Inspector General to increase oversight of the Home Equity Conversion Mortgage program in 2020, according to a proposed budget released Monday. The Administration’s HUD budget proposal for the 2020 fiscal year includes a statement on this expanded oversight that the OIG will have, in addition to addressing […]

White House Preps for Aging in Place Wave

The seniors are coming. That’s what the White House is preparing for after it held its Conference on Aging, where the private and public sector discussed how to address the coming “age wave” of seniors who wish to remain in their homes during retirement. The White House recently released in the final report from the […]