Mortgage News

Congress Got ILLEGAL Loans While HUD Runs Out of Money

April 22, 2025

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New evidence suggests a growing list of Congress members may have received illegal mortgages, echoing past scandals like the “Friends of Angelo” loans. At the same time, HUD claims it’s running out of funds for emergency housing programs—despite sitting on $44 billion, far above its required reserve. Critics point out the irony: while underserved communities lose support, the powerful continue to benefit from the very system meant to protect the vulnerable.