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Senator Kay Hagan talks about the bipartisan amendment she and two other senators got added to the Dodd-Frank Act to create a Qualified Residential Mortgage exception to the risk-retention rule.

Sen. Kay Hagan (D-North Carolina) a member of the Committee on Banking, Housing and Urban Affairs, was elected in 2008, defeating Republican incumbent Elizabeth Dole, who had served one term. Hagan was born in Shelby, North Carolina. Her father was a tire salesman who moved his family to Lakeland, Florida, where Hagan spent most of her childhood. During their time in Lakeland, her father was elected mayor of the city. Hagan's mother, born Jeanette Chiles, was the sister of Lawton Chiles, …