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« Reverse Mortgage Amendment Passes the House with Overwhelming Support
Suspended Lender Reaches Settlement with FHA »

See Congress Debate Reverse Mortgage Amendment

December 14th, 2009  |  by admin Published in FHA, News, Reverse Mortgage  |  2 Comments

Looking to watch the reverse mortgage debate which took place in the House of Representatives last week?  Take a look at the video below.

The video includes appearances from both sides of the aisle debating whether or not such an amendment was necessary.

Congresswoman Dina Titus (D-Nevada) and Congresswoman Jan Schakowsky (D-Illinois) co-sponsored an amendment to H.R. 4173, the Consumer Financial Services Bill which would require the CFPA to oversee the reverse mortgage industry to ensure seniors are not exposed to unfair and deceptive practices. The Amendment was passed by a vote of 223-202 late Friday afternoon.

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Congress,Barney Frank
    Related Posts
  • Reverse Mortgage Amendment Proposed to Consumer Financial Protection Agency Bill
  • Senators Push to Preserve Reverse Mortgage Provisions in Wall Street Reform Bill
  • Wall Street Reform Bill Brings New Reverse Mortgage Oversight


  • us1mm0
    Oversight is inevitable but should be welcomed to ensure protection for seniors.
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