Here is the Chapter on the Savings and Loans from Rodney Stich's book, DEFRAUDING AMERICA:
HUD Mortgage Insurance Scam
Another aspect of the HUD scams dealt with insurance premiums. People buying properties with mortgages provided by HUD paid mortgage insurance premiums up front for the life of the loan, amounting to several thousands dollars on each HUD transaction.
Formerly, the buyer of HUD properties paid their insurance premiums on a monthly basis with their mortgage payments. But in 1983, the same Congress that passed legislation making the looting of savings and loans possible, passed legislation known as "HURRA" (Housing and Urban- Rural Recovery Act), pushed by Philip Winn, one of Denver's high flyers, requiring the mortgage insurance premiums to be paid up front.
CIA asset Gunther Russbacher described to me how this worked, as he saw when he headed Red Hill Savings and Loan. He said that this was another of the many CIA scams that defrauded the American people of many millions of dollars.