Reverse mortgage professionals react to resignation of HUD Secretary Fudge - HousingWire

  • Bias Rating

    -10% Center

  • Reliability

    55% ReliableFair

  • Policy Leaning

    2% Center

  • Politician Portrayal

    44% Positive

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

21% Positive

  •   Conservative
SentenceSentimentBias
"Scott Norman, a NRMLA co-chair and vice president at Finance of America Reverse (FAR), also thanked Fudge for her service."
Positive
20% Conservative
"In reflecting on Secretary Fudge's tenure, I am grateful for her steady support of the HECM program, Irwin said."
Positive
32% Conservative
"We applaud Secretary Fudge's efforts and thank her for the support she showed to the HECM industry throughout her time at HUD, Norman said."
Positive
30% Conservative
"Fudge's HUD has been a key player in the Biden administration's actions related to the Home Equity Conversion Mortgage (HECM) program."
Positive
26% Conservative
"Fudge's HUD has been a key player in the Biden administration's actions related to the Home Equity Conversion Mortgage (HECM) program."
Positive
26% Conservative
"Scott Norman, a NRMLA co-chair and vice president at Finance of America Reverse (FAR), also thanked Fudge for her service."
Positive
22% Conservative
"These include critically important updates to its HMBS program with adjustments to the minimum pooling size and pooling requirements under the leadership of Secretary Fudge, he said."
Positive
16% Conservative
"Fudge oversaw three submissions of the agency's Aual Report to Congress, which reported positivity in the Mutual Mortgage Insurance (MMI) Fund's HECM portfolio each time."
Positive
14% Conservative
"I know that the team at HUD is resource-constrained, yet under Secretary Fudge's leadership they managed to publish an updated HECM handbook, publish updated HECM counseling protocols, and issue a series of HECM servicing policy changes to improve the financial stability and performance of the HECM program."
Positive
10% Conservative
"Irwin also credited reverse mortgage developments at Giie Mae during Fudge's leadership tenure."
Negative
-6% Liberal
"While we know that there remains work to be done in the HECM space, I recognize Secretary Fudge has been a tireless housing advocate and a supporter of the HECM program."
Negative
-16% Liberal
"The HUD secretary aounced on Monday that she would resign effective March 22Members of the reverse mortgage industry were surprised to learn that U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge aounced on Monday that she would be resigning from her post effective March 22."
Negative
-24% Liberal
"Fudge did not give a specific, overarching reason for her decision to resign, which comes roughly 10 months before the expiration of President Joe Biden's term in office and less than eight months before the next presidential election."
Negative
-28% Liberal
"Fudge did not give a specific, overarching reason for her decision to resign, which comes roughly 10 months before the expiration of President Joe Biden's term in office and less than eight months before the next presidential election."
Negative
-28% Liberal
"RMD reached out to the National Reverse Mortgage Lenders Association (NRMLA) for a reaction to the news of Fudge's resignation."
Negative
-30% Liberal

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-100%
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100%
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Bias Meter

Contributing sentiments towards policy:

60% : "Scott Norman, a NRMLA co-chair and vice president at Finance of America Reverse (FAR), also thanked Fudge for her service.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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