On paper it sounds good. Take out a “reverse mortgage” that draws on home equity to release cash for daily living and other expenditures. For many, particularly those in retirement and beyond, the plan offers financial relief while leaving the original investment...
In many ways, the health of the housing recovery hinges on credit – a major factor in the well-known housing collapse of a few years ago As banks and other mortgage lender tighten standards and clean up their lending practices in the aftermath of the crash, they’re...
As if a multibillion-dollar settlement on fraud charges and bad press about the handling of payouts from that settlement weren’t enough, major US lenders caught in bad behavior after the housing collapse are now facing new accusations of that same bad behavior. Now,...
Even though indications are that the housing market is looking up after the disastrous crash a few years ago, the mortgage lending industry is still digging itself out of some very deep holes. Among the numerous problems facing major lenders both private and federal...
Real estate fraud takes many forms and targets all areas of the housing market, with an impact on investors, homeowners and renters all over the country. Because these schemes can be hard to spot, we’ll wrap up this week’s intermittent series on housing related fraud...
