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2. 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 ...

3. 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.

4. Predatory mortgage servicing - Wikipedia

   en.wikipedia.org/wiki/Predatory_mortgage_servicing

   This provides an incentive to unscrupulous servicers who aggressively interpret mortgage documents to add additional fees [5] to a borrower's mortgage account. Many times, the additional fees added on create an event of default allowing the mortgage servicer to foreclose on the property. This practice is commonly referred to as manufacturing a ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or homeowner's insurance ...

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

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

   One-time lump sum payment — the only option available for a fixed-rate reverse mortgage Fixed monthly payments for a set amount of time A line of credit that can be accessed until it’s used up

7. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   In addition, some reverse mortgage options allow the borrower to do a reverse purchase: use the payments to buy a new primary residence. This gives you the option to downsize or relocate from your ...

8. 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]

9. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   The borrower is not required to pay back a reverse mortgage loan until the home is sold, vacated or the last surviving borrower dies. However, if the home at some point is no longer your primary ...