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, […]
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. […]
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 […]
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 […]
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 […]
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 […]
After striking a deal in the early hours of Wednesday morning between Senate Republicans, Democrats and the White House, the U.S. Senate on Wednesday moved toward a vote on an historic stimulus bill aimed to relieve economic stress for Americans affected by the outbreak of the COVID-19 coronavirus. The bill will reportedly relax some of […]
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 […]
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 […]
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 […]
