Government Report Shows Harm to Consumers from HUD Loan Auctions to Private Equity Firms
FOR IMMEDIATE RELEASE: August 2, 2019 Boston – A report released to the public today by the U.S. Government Accountability Office (GAO) analyzes the U.S. Department of Housing and Urban Development’s (HUD) Loan Sale Program and shows the harm the program has caused to FHA-insured homeowners. According to the GAO, the mortgage loans that were…