The President of NRMLA, Peter Bell, is currently testifying about reverse mortgages for the Subcommittee on Housing and Community Opportunity. His testimony (as well as the rest of the hearing) can be viewed at:
http://boss.streamos.com/wmedia-live/financialserv/16489/300_financialserv-qwertyuiop_070131.asx
As the committee chairwoman said earlier, without the FHA, there would be no mortgage market right now. We will have more coverage of the testimony as it occurs later, for those of you who are unable to watch live.
The hearing appears to be more about the health of the FHA and the amount of reserves remaining, but so far contains interesting information for those interested in the business side of reverse mortgages, wholesaling, and the mortgage industry as a whole.