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Senate

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These are the housing bills now in front of Congress

April 10, 2025 by bp56691
Bipartisan members of Congress have taken action to bring multiple housing-related bills to their chambers this week.
Categories Affordable Housing, Congress, House of Representatives, Housing Inventory, HWmember, Legislation, Mortgage, Politics, Senate

Some Social Security recipients were falsely told their benefits had stopped, senators say

April 8, 2025 by bp56691
SSI beneficiaries were reportedly told, incorrectly, that their benefits had stopped, prompting an inquiry from three Democratic senators.
Categories CBS News, Elizabeth Warren, HWmember, Reverse, Senate, Social Security, Social Security Administration

Pulte says he’s canceled $6.4M in “DEI nonsense” at Fannie and Freddie

April 7, 2025 by bp56691
Bill Pulte posted multiple times Monday on X about rescinding DEI policies at FHFA, and sounded off on his view of the GSEs.
Categories Bill Pulte, Fannie Mae, Freddie Mac, Government-Sponsored Enterprise, HWmember, Mortgage, Politics, Senate

FOA appoints new board members, including former US senator

March 20, 2025 by bp56691
FOA appoints new board members, including former US senator
The two new board members are expected to assist the reverse mortgage lender’s efforts in marketing and legislative affairs.
Categories Colorado, Finance of America, HWmember, Marketing, People Movers, Reverse, Senate

Warren blasts CFPB, FHFA nominees as they advance to Senate confirmation votes

March 6, 2025 by bp56691
Fresh off a marathon confirmation hearing to assess the fitness of four Trump administration appointees, Sen. Elizabeth Warren (D-Mass.) is castigating each of the candidates after reviewing their answers to her questionnaires.
Categories CFPB, Elizabeth Warren, FHFA, HWmember, Mortgage, Politics, Regulatory, Senate

CFPB nominee McKernan commits to protecting older Americans from financial abuse

February 27, 2025 by bp56691
Jonathan McKernan, the CFPB director-designate, said in his confirmation hearing that he will ensure older Americans are protected from financial exploitation.
Categories CFPB, HWmember, Nevada, Politics, Regulatory, Reverse, Senate

NC governor needs $1.4B in block grants for post-Helene recovery. That could be a problem

February 22, 2025 by bp56691
NC governor needs .4B in block grants for post-Helene recovery. That could be a problem
The governor has requested additional funding from Congress, but the possibility of deep HUD cuts complicates the path ahead.
Categories Disaster Relief, Housing Market, HUD, Natural Disaster, North Carolina, Senate, White House

What will happen to HMBS 2.0 under Trump’s regulatory freeze?

January 23, 2025 by bp56691
HMBS 2.0 could make a big difference for reverse mortgage securities issuers, but a lack of concrete information leaves an implementation timeline unclear.
Categories FHA, Ginnie Mae, HMBS, HUD, HWmember, Mortgage Bankers Association, NRMLA, Regulatory, Reverse, Senate

Trump’s pick to lead HUD has opposed aid programs for the poor

January 2, 2025 by bp56691
A ProPublica report examined prior statements and legislative activity by Turner, who dismissed the report as painting a “negative picture.”
Categories HUD, Mortgage, Politics, Regulatory, Senate, Texas, Texas State Legislature

Mortgage groups gear up to get trigger leads bill passed in 2025

December 23, 2024 by bp56691
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.
Categories Community Home Lenders Association, Congress, House of Representatives, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Senate
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