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  2. Mortgage fraud - Wikipedia

    en.wikipedia.org/wiki/Mortgage_fraud

    Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.

  3. Eileen Foster - Wikipedia

    en.wikipedia.org/wiki/Eileen_Foster

    Eileen foster was the executive vice president of Fraud Risk Management at Countrywide, and later senior vice president of the Mortgage Fraud Investigations Division at Bank of America (when the two merged), until she blew the whistle on massive and widespread systemic home loan fraud in 2008. [1]

  4. RI mortgage broker accused of fraud enters guilty plea - AOL

    www.aol.com/ri-mortgage-broker-accused-fraud...

    For premium support please call: 800-290-4726 ... RI mortgage broker accused of fraud enters guilty plea ... Cunha said Giuttari allegedly misrepresented how much money a borrower was interested ...

  5. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    The interest rate on a reverse mortgage may be higher than on a conventional "forward mortgage". [56] Interest compounds over the life of a reverse mortgage, which means that "the mortgage can quickly balloon". [16] Since no monthly payments are made by the borrower on a reverse mortgage, the interest that accrues is treated as a loan advance.

  6. The fraud scheme was allegedly performed while Gallo and Elmas worked for NJ Lenders Corp., a New Jersey mortgage loans company. “NJ Lenders is proud of its 33 years of successfully assisting ...

  7. What is a reverse mortgage? How it works, who it’s best for ...

    www.aol.com/finance/what-is-a-reverse-mortgage...

    The age of the youngest borrower. The reverse mortgage program you choose. Current interest rates. ... Proprietary reverse mortgages. Also called jumbo reverse mortgages, these are private loans ...

  8. Live Well Financial - Wikipedia

    en.wikipedia.org/wiki/Live_Well_Financial

    The company offered government-insured Home Equity Conversion Mortgage loans (HECM, commonly known as reverse mortgages), FHA single family mortgage loans, and Fannie Mae conforming loans. LWF was headquartered in Richmond, Virginia and had 3 retail origination branches, 2 in Richmond, Virginia and 1 in San Diego, California , with origination ...

  9. Feds announce changes to reverse mortgage program - AOL

    www.aol.com/feds-announce-changes-reverse...

    Home equity conversion mortgages, also called reverse mortgages, can be a boon for seniors who own their homes but whose income has dropped. With a HECM, the lender makes payments to the borrower ...

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