A proprietary reverse mortgage permits senior homeowners to access their home equity through private lenders, offering ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

Reverse mortgages sound like a great idea, especially when you’ve built up significant equity in your home and you’re looking for an additional income stream. But they can be risky business, ...

WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed ...

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A ...

Three South Florida loan officers and a Pennsylvania title agent were charged Wednesday in a federal reverse mortgage fraud prosecution. Miami U.S. Attorney ... Explore the entire Law.com network.

The most common type of reverse mortgage, the Home Equity Conversion Mortgage (HECM), is backed by the U.S. Department of Housing and Urban Development. Homeowners must be 62 or older, have 50% or ...

Watermark Reverse Mortgage is a licensed lender specializing in reverse mortgage solutions for homeowners aged 55 and older. It offers loan products insured by the Federal Housing Administration (FHA) ...