Project 2025 came to prominence during the election. Here’s what the controversial document says about potential HECM reforms and who wrote the chapter on housing policy
Continue readingProject 2025 & The HECM Program
Trump to HUD: Examine Viability of HECM Program
The HECM tops the list of Trump Administration’s HUD reforms
President Trump has directed HUD to examine the ‘viability’ of the Home Equity Conversion Mortgage and to take other steps to strengthen FHA and the housing GSE’s Fannie Mae & Freddie Mac…
Foreclosure claims stir Congressional scrutiny
The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD’s budget and the HECM program…
Continue readingCarson talks reforms, Scammer sentenced, SEC warns of de-listing
Scammer sentenced, Carson talks reverse mortgages, Walter faces possible de-listing from NYSE
In this week’s edition: HUD Secretary Ben Carson supports reverse mortgage program while speaking for the need for reform. The New York Stock Exchange puts Walter Investment on notice. US Postal Service nabs reverse mortgage scammer in a sting operation. The best & worst uses of a reverse mortgage.
While Dr. Ben Carson is settling into his new job as Secretary of the Department of Housing and Urban Development, he did take the time to note both his support and the need for reforms of the Home Equity Conversion Mortgage program. Speaking before the Leading Age Florida convention, Carson stated “More and more of our citizens are over 65 years of age … about 15 percent, nationally. And, as our nation ages, we must become wiser, smarter, while expanding choices for seniors.”
A successful con requires confidence on the part of the scammer. This time Kemal Barnes had the tables turned on him after scamming over $120,000 a 79-year old Texas woman according to the Boston Globe. Barnes began his con game while living in his native Jamaica and continued while living in Massachusetts. The victim’s son notified authorities in 2015 after
