Sean Hannity defends the real estate empire thanks to HUD loans

Sean Hannity, presenter of Fox News, speaks out loud after reporting that he purchased discounted properties and executed them as investment tools through shell companies, all the while receiving support from the Department of Housing and Urban Development.

The talk of "Hannity" The presenter, in a statement on Monday, defended his decision not to publicly disclose what he described as his "personal" investments.

His real estate portfolio was released by The Guardian on Sunday, following an investigation by President Donald Trump's lawyer, Michael Cohen, with whom Hannity had undisclosed links, before his name appeared in court last week. . Hannity had said last week that he was not Cohen's client, but had sought his advice on real estate. Among the documents that the FBI confiscated from Cohen were details about real estate investments.

In his statement, Hannity said that he did not "select, control or know individually the details about" the real estate investments he made, but went to communities that said they "needed such an investment." [19659005] Sean Hannity, Fox News talk show host, has argued that he has not disclosed his purchase of real estate "/>

The properties linked to Hannity, which were disclosed by The Guardian, include more than 870 homes that were purchased in seven states in the last decade. Its value totals at least $ 90 million.

Hannity, whose Fox News salary is estimated by Forbes at $ 36 million a year, acknowledged in his statement that he received HUD loans to invest in property during the administration of President Barack Obama.

These mortgage loans, which, according to Para The Guardian, were acquired through the HUD National Housing Law, which offers investors protection against loan defaults when buying rental properties. There were greater loan guarantees for buyers who offered housing to low-income tenants. Two of the most expensive properties purchased by Hannity in Georgia used $ 17.9 million that it purchased through the HUD program.

After Ben Carson took over as HUD secretary under Trump, Hannity's loan portfolio increased by $ 5 million, The Guardian reported. [19659002] Hannity argued that he never discussed his original loans obtained during the Obama administration with anyone at HUD. But he did not reveal them to his viewers either, even when he interviewed Carson on his show last year and praised Carson's work. Hannity also did not reveal his connection with Cohen, despite defending him on his show.

Journalists, as part of a code of ethics, are expected to refrain from reporting on a topic that involves a personal connection or, at least, reveals those connections. Hannity has argued that he is not a journalist even though he covers national news and interviews with high profile guests in "Hannity". Last week he identified himself as "an opinion" journalist or defense journalist "

In a twist, while reporting that he was buying discount houses, Hannity criticized Obama and blamed him for the struggles of Americans to own their own homes in the midst of the country's housing crisis In its 2016 program, he said Obama has failed to turn the talks into action when it comes to helping "all Americans to get ahead. "

" The index of those who own a house has now fallen by several percentage points. Now we also saw a record number of foreclosures during his presidency. 2011 was the worst year recorded in home sales, "he told his viewers about that program.


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