There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database ...

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 ...

Ohio case highlights rising elder fraud risks: A scammer’s attempt to steal home equity through a reverse mortgage was thwarted. SmartPolicy technology stopped the crime: EquityProtect’s system locked ...

You've probably seen the commercials. Smiling seniors, pristine homes, promises of financial freedom. Reverse mortgages sound ...

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, ...

In conjunction with National Senior Citizens Day on Wednesday, the New York Department of State’s Division of Consumer Protection is circulating a series of tips that aim to help older adults avoid ...

CHICAGO (CBS) --Imagine needing urgent repairs for a home that's been in your family for generations after being duped by a man now serving time in federal prison. That's the reality for one North ...

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.

When it comes to reverse mortgages, homeowners have options. A home equity conversion mortgage (HECM) may seem like the best option, but for homeowners with a high-value home or who need a lump sum ...