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 […]

Election 2020: Bernie Sanders and Donald Trump on Reverse Mortgages

With the 2020 presidential election in full swing, the field of Democratic candidates has narrowed considerably since the first debates in 2019 while primary challengers for the Republican nomination have largely fallen by the wayside due to the party’s support of the current President of the United States. Whoever is elevated to the highest office […]

Presidential Hopefuls Bloomberg and Warren on Reverse Mortgages

The 2020 presidential election is still over 8 months away, but the election has heated up now that voters have begun caucusing in the Democratic primary election. As most political observers know, reverse mortgages in general and the Home Equity Conversion Mortgage program specifically don’t often come up as hot button topics of political conversation, […]

Congressional Leaders Approve Funding to Avert Gov’t Shutdown

In what likely amounts to welcome news ahead of the holidays, Congressional Democrats along with Senate Republicans have reportedly agreed to a $1.3 trillion spending plan ahead of a December 20 deadline, apparently averting the possibility of a new partial federal government shutdown as we head into 2020, according to reporting at the Washington Post. […]

Senate Banking Committee Approves Montgomery Nomination for Deputy HUD Secretary

The Senate Banking Committee on Tuesday officially approved the nomination of Brian D. Montgomery, the current FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD) to the full-time Deputy HUD Secretary position, RMD has learned. Montgomery, who was officially nominated for the position in October, has served the role […]

HUD Secretary Gives HECM Update to Senate, House HECM Hearing Nears

On the heels of a housing proposal including major reverse mortgage program overhauls, HUD Secretary Dr. Ben Carson stressed the Home Equity Conversion Mortgage issues in prepared remarks Tuesday. This, as the House of Representatives prepares to convene a hearing later this month specifically centered on the HECM program. Carson’s remarks, prepared for a Senate […]

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 […]