3.0.0 1985 2023-01-11T20:36:03Z 2023-01-11T20:36:03Z Senate S S 2007-08-03 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-08-03T15:04:02Z 2007-08-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-08-03 Introduced in Senate IntroReferral 10000 9 Library of Congress A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2007-08-03 True Housing and Community Development Congress Congressional investigations Congressional reporting requirements Cooperative housing Finance and Financial Sector Home equity conversion Housing for the aged Mortgage guaranty insurance Social Welfare Housing and Community Development 00 2007-08-03 Introduced in Senate 2007-08-30T19:33:59Z Capital Access for Senior Homeowners Act of 2007 - Amends the National Housing Act with respect to insurance of home equity conversion mortgages for elderly homeowners.

Repeals the 275,000 cap on the aggregate number of such mortgages insured under the Act.

Authorizes the Secretary of Housing and Urban Development to insure a home equity conversion mortgage when the primary purpose of such mortgage is to enable an elderly mortgagor to purchase a one- to four-family dwelling in which the mortgagor will occupy or occupies one of the units.

Extends the meaning of mortgage which may be insured to: (1) a first or subordinate mortgage or lien on all stock allocated to a dwelling unit in a residential cooperative housing corporation; or (2) a first mortgage or first lien on a leasehold under certain related leases.

Directs the Comptroller General to study and report to Congress on the costs and availability of credit under the home equity conversion mortgages for elderly homeowners program.

]]> Capital Access for Senior Homeowners Act of 2007 Official Title as Introduced A bill to improve access of senior homeowners to capital. Introduced in Senate IS Display Title Capital Access for Senior Homeowners Act of 2007 Short Titles as Introduced Capital Access for Senior Homeowners Act of 2007 Introduced in Senate 2007-08-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1985is/xml/BILLS-110s1985is.xml 2007-08-03 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.