I have nothing special against Hannity, but this sort of thing is the heart of the problem.
People in the media and hand-in-glove with people in the government. They can all help each other become richer and more powerful. It’s very incestuous. I believe the term for using government to enrich yourself is “rent seeking”. But it’s also crony capitalism or fascism.
It help those who are involved, but society as a whole suffers because of it.
Or as to paraphrase George Carlin, “ it’s a big club, and you ain’t in it.”
HUD insured the mortgage a bank made on the property.
HUD paid off the bank when the loan went bad and “inherited” a non performing asset.
At any one time in this country there are thousands of non performing HUD assets.
HUD routinely sells it’s non performing assets to investors that range from you and me buying one house for a rental to shell companies buying blocks of HUD’s assets as an investment.
There is nothing nefarious nor improper about it. It only looks “bad” to under educated people who know nothing of how the government insured housing market works.