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2. 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.

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. Fraud Enforcement and Recovery Act of 2009 - Wikipedia

   en.wikipedia.org/wiki/Fraud_Enforcement_and...

   The Fraud Enforcement and Recovery Act of 2009, or FERA, Pub. L. 111–21 (text), S. 386, 123 Stat. 1617, enacted May 20, 2009, is a public law in the United States enacted in 2009. The law enhanced criminal enforcement of federal fraud laws, especially regarding financial institutions, mortgage fraud, and securities fraud or commodities fraud.

5. 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 ...

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

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

   Many reverse mortgage borrowers use these payments to supplement retirement income. ... Origination fee – To process your HECM loan, lenders charge the greater of $2,500 or 2 percent of the ...

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 ... The principal limit — also called a principal limit factor or PLF — is usually 40% to 60% of your home's value and ...

8. Predatory lending - Wikipedia

   en.wikipedia.org/wiki/Predatory_lending

   Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as ...

9. What is the Home Ownership and Equity Protection Act (HOEPA)?

   www.aol.com/finance/home-ownership-equity...

   Assessing a borrower’s ability to repay: Before issuing a high-cost mortgage, the mortgage lender must thoroughly review the borrower’s finances, including credit history, income, assets and debt.