Reverse Mortgage Insurance and Tax Payment Program Emergency Amended Act of 2020 Archives

13 Mar 2020 |

The Council of the District of Columbia Approves Emergency Bill Expanding Foreclosure Protections

On March 3, 2020, the Council of the District of Columbia approved an emergency bill amending certain portions of the Housing Finance Agency Act to extend the Agency’s Reverse Mortgage Insurance and Tax Payment Program (ReMIT). ReMIT is a pilot program crafted to address seniors facing foreclosure on a reverse mortgage by providing subsidy payments (up to $25,000) to help ... Read More

TAGGED: Council of the District of Columbia, Foreclosure Protections, Housing Finance Agency Act, Agency’s Reverse Mortgage Insurance and Tax Payment Program, Reverse Mortgage Insurance and Tax Payment Program Emergency Amended Act of 2020