To revise the FHA program for home equity conversion mortgages for elderly homeowners to add safeguards to prevent the displacement of homeowners, and for other purposes.
USA115th CongressHR-4160| House
| Updated: 10/26/2017
Maxine Waters
Democratic Representative
California
Cosponsors (7)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Preventing Foreclosures on Seniors Act of 2017 This bill expands loss mitigation for borrowers and surviving spouses under the Federal Housing Administration's Home Equity Conversion Mortgages program (a reverse-mortgage program) and otherwise revises the program.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Housing and Community Development
Consumer creditHousing finance and home ownershipMarriage and family statusProperty tax
To revise the FHA program for home equity conversion mortgages for elderly homeowners to add safeguards to prevent the displacement of homeowners, and for other purposes.
USA115th CongressHR-4160| House
| Updated: 10/26/2017
Preventing Foreclosures on Seniors Act of 2017 This bill expands loss mitigation for borrowers and surviving spouses under the Federal Housing Administration's Home Equity Conversion Mortgages program (a reverse-mortgage program) and otherwise revises the program.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Maxine Waters
Democratic Representative
California
Cosponsors (7)
Financial Services Committee
Housing and Community Development
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Consumer creditHousing finance and home ownershipMarriage and family statusProperty tax