- May 25, 2002
- Professional Status
- Certified Residential Appraiser
The Senate voted overwhelmingly to end debate on a major housing-rescue package Tuesday, signaling there is enough support to override a veto.
With polls showing voters increasingly concerned about the mortgage and foreclosure crisis, the Senate responded by setting up a final vote that would authorize a $300 billion expansion of the Federal Housing Administration's insurance program for struggling homeowners. The measure also includes almost $4 billion for grants for states to take over foreclosed properties, a provision strongly opposed by the White House