Election 2020: Joe Biden, Kamala Harris and Reverse Mortgages

Earlier this year, RMD took a look at several presidential candidates and their stated policy positions, and how they could interact with the reverse mortgage business. These efforts were undertaken while the Democratic presidential nominating process was still taking place, and featured profiles of candidates like businessman Michael Bloomberg, Senators Elizabeth Warren and Bernie Sanders, […]

Danger to Social Security Grows Due to Pandemic’s Economic Shock

The already unstable position of the American social security program has become further endangered by the economic shock of the COVID-19 coronavirus pandemic, as less money coming into the fund and more people seeking benefits early have destabilized the program even further. This is according to a story published at Gray Television’s Washington News Bureau. […]

Foreclosure Protection Bill Includes Reverse Mortgage Borrowers, Lacks Republican Support

A bill introduced into the United States House of Representatives seeking to prevent evictions, foreclosures, and unsafe housing conditions resulting from the COVID-19 pandemic includes reverse mortgage borrowers, and was recently passed in the House before being sent to the U.S. Senate. The bill, House Resolution (H.R.) 7301 known as the “Emergency Housing Protections and […]

Late Night Host Makes Reverse Mortgage Joke Over Trump Medication Claims

As the United States continues to grapple with the health and economic impacts of the COVID-19 coronavirus pandemic, President Donald Trump this week announced that he is taking hydroxychloroquine – a traditionally anti-malaria drug – which he has contended is effective against COVID-19. This is despite the lack of scientific evidence and academic corroboration vetting […]

HUD, FHA Officials Join Pence on Coronavirus Update Call With Stakeholders

The Secretary of the U.S. Department of Housing and Urban Development, Dr. Ben Carson, and Federal Housing Administration (FHA) Commissioner Brian D. Montgomery were present on a conference call Thursday with representatives of nearly 100 organizations to provide an update on the Department’s response to the coronavirus outbreak. The call, which was also attended by […]

Reuters: Retirement Grades for Historic $2 Trillion Coronavirus Relief Law

The Coronavirus Aid, Relief, and Economic Security Act (CARES) Act has passed both houses of Congress and on Friday was signed by President Donald Trump, codifying the historic measure into law which is aimed at providing relief to American workers and businesses affected by the COVID-19 coronavirus pandemic. The law also contains several key provisions […]

Trump Orders HUD, FHFA to Suspend All Foreclosures, Evictions

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) will be suspending all foreclosures and evictions for the next 60 days in response to the economic shock renters and homeowners are experiencing due to the outbreak of the COVID-19 coronavirus. This is according to President Donald Trump, who […]

HUD Secretary Carson Added to White House Coronavirus Task Force

The task force created by the White House and charged with spearheading the federal response to the outbreak of the COVID-19 coronavirus has added the Secretary of the U.S. Department of Housing and Urban Development (HUD), Dr. Ben Carson. This is according to a new informational notice issued by the Federal Housing Administration (FHA). “Earlier […]

Former CFPB Director Cordray Reveals Near Firing by Trump

Just as the United States Supreme Court prepares to hear oral arguments on the constitutionality of the Consumer Financial Protection Bureau (CFPB)’s single director structure, the Bureau’s inaugural director reveals that he believed he was nearly fired by President Donald Trump in a phone call which ended abruptly. This is according to a story in […]