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Reverse mortgages also prone to scammingTulsa WorldBy PHIL MULKINS World Action Line Editor The FBI and the US Department of Housing and Urban Development Office of Inspector General urge senior citizens to be wary when seeking reverse mortgages. Reverse mortgages - also known as home equity conversion ... |
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Common schemes still pervadeTulsa WorldFind your own reverse mortgage counselor. Tulsa World consumer writer Phil Mulkins wants to know which topics interest you. Call 918-699-8888, email your suggestion to phil.mulkins@tulsaworld.com or mail it to Tulsa World Consumer, PO Box 1770, Tulsa, ... |
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Protect Yourself from Mortgage FraudSurfKY NewsAn emerging trend in recent months involves mortgage assistance relief scams. These scams target homeowners with promises to save them from foreclosure, get them a reverse mortgage, or lower their mortgage payments—in exchange for an advance or monthly ...and more » |
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Another Big Name Exits Reverse-Mortgage LendingNew York Times (blog)By ANN CARRNS Yet another household name has given up making reverse mortgages — loans that let borrowers age 62 and older tap the equity in their houses without having to make monthly payments. The lenders get their money back once the borrowers move ...and more » |
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Counseling Provider Questions Mass. Reverse Mortgage RequirementsReverse Mortgage DailyLegislation passed in Massachusetts could negatively impact the reverse mortgage industry, a Banker and Tradesman article published last week argues. The article, penned by Tony Lopes, housing director for Cambridge Credit Counseling Corp., ... |
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Reverse Mortgage – The Solution to the Housing CrisisPR Web (press release)Rather it's the HECM market which is a reverse mortgage that is fully insured by the government and the federal housing administration. Each and every property that is taken over by the administration goes through an in depth counseling where the ...and more » |
December 4, 2008
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