By Indy Standard |
Mar 29, 2024
WASHINGTON—U.S. Senator Mike Braun has taken action by sending a letter to Alanna McCargo, the Acting President of the Government National Mortgage Association ("Ginnie Mae"), to address the challenges arising in HUD's Home Equity Conversion Mortgage Program. The program, commonly known as the reverse mortgage program, has faced difficulties due to the bankruptcy of a key company, prompting concerns about the financial security of seniors.Senator Braun, in his letter, expressed his concerns about the impact of recent failures on older homeowners, stating, "Reverse...