In compliance with a 1978 law that requires government agency watchdogs to provide semi-annual reports on their activities, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) published its report on Tuesday.

While there were no new indications of scrutiny for the Home Equity Conversion Mortgage (HECM) program, the report did reveal that HECM Life Expectancy Set Asides (LESAs) remain an ongoing oversight issue.

In November 2024, the HUD OIG announced that it was conducting an audit of the HECM LESAs within the Office of Housing.

“In 2015, HUD details ⇒

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