A political professional gives the reverse mortgage industry an overview of how the political realities are playing out in Washington, D.C., describing an environment of competing crises and lack of housing appointees as taking up much of the political bandwidth available for other issues.
Principal Deputy Assistant Secretary (PDAS) for the Office of Housing and the FHA Lopa P. Kolluri addressed the reverse mortgage industry at the NRMLA Virtual Policy Conference this week, discussing how the HECM program aligns with the administration’s priorities while also discussing what still needs to be addressed in the program.
The White House has unveiled its “skinny budget” document ahead of the full proposal coming later this spring. While reverse mortgages are absent, there are indications of the administration’s priorities with seniors and HUD.
HUD Secretary Marcia Fudge fielded questions from reporters in Thursday’s White House press briefing, touching on COVID-19 relief for homeowners and her department’s morale.
As HUD Secretary Fudge ascends to leadership, RMD looks at this time of challenge for American housing and moment of change for reverse mortgages.
President Joe Biden’s nominee to lead the U.S. Department of Housing and Urban Development (HUD), Marcia Fudge of Ohio, has been confirmed by the U.S. Senate.
Senate Majority Leader Chuck Schumer (D-N.Y.) is preparing to speed HUD Secretary nominee Marcia Fudge to confirmation in the Senate.
The American Rescue Plan Act of 2021 doesn’t have reverse mortgage-specific provisions, but a $10 billion Homeowners Assistance Fund could be used by HECM borrowers for help during the pandemic.
The U.S. Department of Housing and Urban Development (HUD) on Tuesday released a Mortgagee Letter (ML) with a number of housing provisions across all of the Federal Housing Administration (FHA)’s single family housing programs, including the Home Equity Conversion Mortgage (HECM) program. These include an additional extension of the foreclosure and eviction moratoria first announced […]
The U.S. Department of Housing and Urban Development (HUD) announced on Thursday that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender identity, in guidance which applies uniformly to all FHA programs. This is a notable change in posture on the part of HUD […]