The results from the November general election in the United States could have notable impacts on key issues relevant to the reverse mortgage industry including the selection of a new servicing contract for the Federal Housing Administration (FHA), the legislative priorities of the White House and Congress as it relates to matters of housing, the […]
With less than one week remaining until general election ballots in the U.S. are counted, financial firms and traditional mortgage lenders across the country are preparing for the possibility that former Vice President Joe Biden could become the next President of the United States. If Biden wins, then the possibility accompanying that win would be […]
As the reverse mortgage industry’s foremost advocacy and educational body, the National Reverse Mortgage Lenders Association (NRMLA) often interacts with stakeholders at every level of the business. From loan originators up through company executives, NRMLA’s membership encompasses a vast swath of the industry’s key players, but also has to interact on a regular basis with […]
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 latest estimates for the Social Security trust fund continue to forecast a depletion by 2035, and the state of the fund has only become further strained due to the economic impact of the COVID-19 coronavirus pandemic. Addressing the need to strengthen the entitlement programs remains essential work for legislators, and that is what the […]
Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger indicated to lawmakers at a Senate Banking Committee hearing last week that enforcement actions in 2020 are expected to increase from their current levels by the end of the fiscal year, according to testimony provided by the director herself. Sitting as the primary witness in a hearing […]
As the COVID-19 pandemic has created additional strain on the American financial system in addition to driving millions of working people out of employment, the Consumer Financial Protection Bureau (CFPB) has failed to adequately respond to the needs of working Americans at a time in which assistance is sorely needed. This was the contention that […]
The United States Senate voted on Tuesday to confirm Dana Wade as Assistant Secretary for Housing, Federal Housing Commissioner. She succeeds Acting FHA Commissioner Len Wolfson, who has held the position since the ascension of former Commissioner Brian D. Montgomery to the position of Assistant Secretary for the Department of Housing and Urban Development (HUD). […]
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 […]
