Sean Hannity responds to reports of HUD purchases, 'shell' companies

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Now, as The Guardian has uncovered, Sean Hannity is the owner of nearly 900 homes worth $90 million. For some mortgages, Hannity obtained funding from HUD under the National Housing Act Loan Program, which refers to encouraging improvement in housing standards and conditions, to provide a system of mutual mortgage insurance which was first guaranteed under former President Barack Obama's administration.

"I've said many time on my radio show: I hate the stock market", Hannity said on television. During that segment, Sean Hannity rallied against the state of public housing and praised Ben Carson, telling him: "You have done a good job". Though the fact that the two men do business together was disclosed on air, a recent op-ed penned by Lako and published on the Hannity show's website had no such disclaimer. And they were financed through the Dept. of Housing and Urban Development.

"Well, that's the real ideal", said Carson.

A Fox News representative referred to Hannity's comment on the matter.

Christopher Reeves, Hannity's real estate lawyer, told CNN he likes to keep his financial issues private. "Mr. Hannity is no different".

Hannity's investments were reported by the Guardian after it was recently revealed that he was a client of President Trump's personal attorney Michael Cohen. Hannity had said last week that he was not a client of Cohen's but had sought his advice on real estate.

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The Guardian noted that Carson was not personally involved in any of Hannity's dealings but that the HUD secretary has the power to allow Hannity to convert rental complexes into sellable condos.

Hannity's shell companies are registered at Henssler Financial.

Journalists, as part of a code of ethics, are expected to recuse themselves from reporting on a subject that involves a personal connection or, at the least, disclose those connections. Before and after then, Hannity sharply criticised Barack Obama for the United States foreclosure rate.

"The LLC's are REAL companies that spend real investment money on real properties". Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them.

Each company uses a variation of the same name mixed with the initials of Hannity's children. The shell companies formed in Georgia reportedly purchased properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont.