Kirk Amendment Confronts Reverse Mortgages

    Kirk Amendment Confronts Reverse Mortgages

    WASHINGTON, D.C. – July 31, 2013 – (RealEstateRama) — U.S. Senator Mark Kirk (R-Ill.) today applauded the Senate Banking, Housing and Urban Affairs Committee’s approval of Federal Housing Administration (FHA) solvency legislation that includes his amendment to protect seniors who take out reverse mortgage loans. The amendment, which Senator Kirk offered with Senators Bob Corker (R-Tenn.), Pat Toomey (R-Pa.) and David Vitter (R-La.), strengthens the FHA Solvency Act, a bill that reforms the FHA to put the agency on more stable financial ground.

    Previous articleCongresswoman Jenkins Authors Amendment to Improve Housing Options for Homeless Veterans
    Next articleGrayson Increases Spanish-Language Housing Assistance by 50%