Reverse Mortgage Loans

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Fraud involving straw buyers and reverse mortgages is one of the most common mortgage scams in Utah, according to the Salt Lake City Federal Bureau of Investigation (FBI) and Utah Division of Real Estate. The agencies released a list of … …

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Only agency is the federal government who controls the Rules and Procedures with the Reverse Mortgage Program. Your legal state of residence cannot tell you that you owe taxes on the money receive, it was designed to be free from tax. … …

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Volume of the Federal Housing Administration’s reverse mortgage program, the Home Equity Conversion Mortgage (HECM) grew to $30.2 billion in FY 2009 according to budget documents released earlier this week. …

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This week was a very busy one for the federal government. Without further ado: Ben Bernanke took quietly took his oath on Wednesday for his second term as Chairman of the Federal Reserve. …

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The Obama Administration announced earlier this week that it was requesting a $250 million credit subsidy for the Federal Housing Administration’s reverse mortgage program along with a contingency appropriation to meet all program … …

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The Obama Administration is requesting $250 million in credit subsidy for the Federal Housing Administration’s reverse mortgage program along with a contingency appropriation to meet all program demand, even if demand exceeds … …

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The Federal Housing Administration’s Mortgagee Review Board (MRB) announced yesterday that it was taking action against Cooper and Shein, LLC (dba Great Oak Lending Partners) for misleading advertising practices. …

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The Federal Housing Administration’s Mortgagee Review Board (MRB) announced it’s permanently withdrawing the FHA approval of three mortgage lenders and is suspending a fourth. The MRB withdrew the FHA approval of Strategic Mortgage … …

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“HECM reverse mortgages are Federal Housing Administration-insured products and are heavily scrutinized by regulators and legislators looking to protect seniors’ best interests. As a result, more than 600000 American seniors have … …

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That practice has resulted in unfavorable feelings towards today’s reverse mortgages. The Federal Housing Administration (FHA) has set the new standards and guidelines for HECM reverse mortgage loans and their involvement has produced a … …

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