Government Accountability Office
Latest Posts
HUD Financial Report: Reverse Mortgages ‘Undermine’ MMI Fund, Enhanced Lender Oversight Needed
Dec 09, 2020Despite noted improvements in the financial standing of the Home Equity Conversion Mortgage (HECM) book of business in recent years, losses in that portion of the Mutual Mortgage Insurance (MMI) Fund continue to “undermine” the fund’s stability, exposing “weaknesses” in the U.S. Department of Housing and Urban Development (HUD)’s internal control mechanisms. These are just […]
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Gov’t Watchdog: Reverse Mortgages Present Benefits and Risks for Seniors
Jun 03, 2020 -
Gov’t Watchdog Calls for More HECM Program Scrutiny
Oct 01, 2019 -
Two New Reverse Mortgage Reform Bills Push for Program Change
Sep 29, 2019 -
Congressmen, Housing Experts Weigh HECM Program Pros and Cons
Sep 25, 2019