House Subcommittee Postpones HUD Subpoena Vote

Posted by Orb Staff on May 17, 2012 No Comments
Categories : Mortgage Servicing

11579_hud House Subcommittee Postpones HUD Subpoena Vote The House Financial Services Committee's Subcommittee on Oversight and Investigations has delayed its vote on issuing a subpoena against the U.S. Department of Housing and Urban Development (HUD) for failing to produce requested paperwork relating to the HOME Investment Partnership Program.

TheHill.com reports that Rep. Randy Neugebauer, R-Texas, says the postponement of the vote was designed to allow extra time for HUD to meet the subcommittee's request. Earlier this week, Neugebauer accused the $30 billion program of being riddled with waste, fraud and abuse, and he accused HUD of failing to produce paperwork that was originally requested last November.

‘We will give HUD a reasonable period of time to produce these documents,’ Neugebauer says. ‘If they continue to withhold, we will come back and do a subpoena."

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