in News > Residential Mortgage
print the content item


Senate Majority Leader Harry Reid, D-Nev., has threatened to block a vote on a bill to reauthorize the National Flood Insurance Program (NFIP) if it contains an amendment submitted by Sen. Rand Paul, R-Ky., that states life begins at conception.

TheHill.com reports that Reid, without directly mentioning Paul by name, has warned his Republican colleagues to stop the Kentucky senator's attempt to attach his Life at Conception Act amendment to the NFIP reauthorization legislation. Paul's amendment seeks to "ensure equal protection for right to life of each born and preborn human person."

"We'll either do flood insurance with amendments that deal with flood insurance or we won't do it," Reid said. "But I want everyone to know: This flood insurance is extremely important. The big pushers of this bill are Republican senators, veteran Republican senators. They better work on their side of the aisle, because I am not going to put up with that."

For his part, Paul (pictured left) told TPM.com that he would welcome an opportunity for Reid to provide him the chance to present his Life at Conception Act legislation as a stand-alone vote in the Senate.

"If he'll give me a free-standing vote, I'll take a free-standing vote anytime," Paul said. "He hasn't been really forthcoming with offering a free-standing vote on it."

Paul also poked fun at Reid's public frustration over the conception amendment. "Yeah, can you believe that they're exasperated with me?" he said.


Six important questions you need to ask about your compliance process. Click to download the buyers guide._id1144


Latest Top Stories

AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule

The rule would require all AMCs that operate in states that have supervisory programs to register in those states and to allow those states to have authority over their licensing.


Major Metros Showing 'Early Signs' Of A Housing Bubble

Among the 35 largest metros nationwide, more than half of homes currently listed for sale are considered unaffordable by historical standards, according to a recent report from Zillow.


Waters Introduces Yet Another Housing Finance Reform Bill

But unlike the other three bills now before Congress, Waters' proposal calls for replacing Fannie and Freddie with a cooperative of lenders that would be the sole issuer of mortgage-backed securities guaranteed by the government.


OIG: Property Preservation Companies Need Better Controls

A recent OIG audit revealed that there are numerous problems plaguing the property preservation business, not the least of which is the submission of false or erroneous property inspection reports on the part of sub-contractors.


Carrington Mortgage Marches Boldly Into The 'Nonprime' Realm

Lender plans to service all of the nonprime loans it originates in-house. What’s more, all will be QM loans meeting agency guidelines.

LenderLive_id1164
Hse SandyHook
Orb Mobile
Play for Pink
SWBC_id1156
Superior Home_id1078
FedHomeLoan_id1130