The Trump Administration plans for its Office of Inspector General to increase oversight of the Home Equity Conversion Mortgage program in 2020, according to a proposed budget released Monday. The Administration’s HUD budget proposal for the 2020 fiscal year includes a statement on this expanded oversight that the OIG will have, in addition to addressing […]
Department of Housing and Urban Development Secretary Dr. Ben Carson has stated his intention to exit his post at the conclusion of President Donald J. Trump’s current presidential term. Carson made the announcement Monday night during an appearance on Newsmax TV, a conservative media outlet, according to the Washington Post. In the interview, Carson talked […]
Department of Housing and Urban Development (HUD) Secretary Ben Carson is not often one to get worked up, but he did flash a degree of tempered frustration at political leaders in Washington, D.C. over the longest government shutdown in American history in a recent interview, right before the White House and congressional leaders agreed to […]
Congresswoman Maxine Waters (D-Ca.), member of the Committee on Financial Services, introduced a bill on October 27 that is aimed toward preventing unfair foreclosures among seniors with Home Equity Conversion Mortgages. Titled “Preventing Foreclosures on Seniors Act,” the legislation focuses on reforms to HUD’s HECM program that would help borrowers and non-borrowing spouses of reverse […]
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