Susan Collins actually said...

In order to avoid this problem, could HUD require lenders to set up an escrow account...

Senator Collins suggests an escrow account for seniors with reverse mortgages to avoid defaults.

04/10/2013

More Susan Collins Quotes

The Department of Housing and Urban Development (HUD) faces many challenges in balancing the goal of strengthening responsible homeownership...

A financially sound FHA is an essential component in the recovery of the housing market.

It's important because it provides mortgage insurance for the construction of multifamily housing, hospitals, healthcare facilities.

The Administration has made several announcements regarding existing housing programs, yet there is much more that must be done to stabilize...