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Home » Store » News » OIG Outlines HECM Fraud

OIG Outlines HECM Fraud

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The reverse mortgage market is “a new and potential vulnerable area for fraud perpetrators,” according to Department of Housing and Urban Development Inspector General Ken Donahue, and he said HUD should be concerned about fraudulent practices in its Home Equity Conversion Mortgage Program. Testifying before the House Subcommittee on Oversight and Investigations...
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