HECMWorld.com

Remember the days when reverse mortgage loans were only done by a few specialized lenders? It seemed as if we knew everyone in the market and going to a NRMLA meeting was like home-coming week where old friends come together. Well… that was then and this is now.
As I review the past 3 years a [...]

The U.S. Senate on Thursday confirmed Shaun L. S. Donovan of New York to be the new secretary of the Department of Housing and Urban Development, according to the Senate website.
Donovan served at HUD during the Clinton administration as deputy assistant secretary for multifamily housing until March 2001. He also served as acting Federal Housing [...]

Washington, DC – James B. Lockhart, Director of the Federal Housing Finance Agency, announced today that, effective with mortgage applications taken on or after Jan. 1, 2010, Freddie Mac and Fannie Mae are required to obtain loan-level identifiers for the loan originator, loan origination company, field appraiser and supervisory appraiser. Director Lockhart communicated this requirement [...]

How much money did you spend in 2008 to lobby our government officials?
Below is the list of the Top 20 Spenders!

Lobbying Client

Total

US Chamber of Commerce
$57,965,000

PG&E Corp
$22,150,000

AARP
$21,030,000

Exxon Mobil
$17,880,000

Northrop Grumman
$16,433,252

American Medical Assn
$15,540,000

General Electric
$15,038,000

Pharmaceutical Rsrch & Mfrs of America
$14,050,000

American Hospital Assn
$13,880,776

Verizon Communications
$13,405,000

Lockheed Martin
$12,531,086

Boeing Co
$11,780,000

AT&T Inc
$11,698,037

National Assn of Realtors
$10,790,000

Blue Cross/Blue Shield
$10,771,699

General Motors
$10,021,000

National Cable & Telecommunications Assn
$9,980,000

Eli Lilly & [...]