Dozens of mortgage modification scams through Web banners and ads on Yahoo! and Bing have been shut down by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) as of Monday. An ongoing investigation conducted by SIGTARP revealed hundreds of advertisers and agents associated with 125 alleged scams targeting homeowners, [...]

The idea—and age—of retirement keeps getting pushed back as people find themselves financially unprepared to stop working, especially as many Americans find it very important to retire without mortgage debt, according to an annual Wells Fargo & Company (NYSE:WFC) Retirement Survey. Most survey respondents between the ages of 25 and 75, at 86%, say it [...]

A recent hearing for the Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection sparked impassioned conversation between the Office of Older Americans and senior advocacy group AARP, with significant attention paid to reverse mortgages. The hearing included AARP’s senior attorney Julie Nepveu’s testimony, as well as that of Hubert “Skip” Humphrey, director of [...]

Despite a bad reputation in mainstream media, reverse mortgages are actually viewed very positively by those who obtain them, says a recent Inman News article. Earlier this year, the National Reverse Mortgage Lenders Association commissioned Boston, Mass.-based Marttila Strategies, a public-opinion research firm, to conduct a study consisting of three national surveys and six focus groups to [...]

The Federal Housing Administration’s annual reports, released last week, provide projections that are still too “rosy” based on what Home Equity Conversion Mortgage program data suggests, a recent New View Advisors commentary states. In three important areas, the data deserves a bit more explanation in order to get an accurate picture, New View writes. Aggregate [...]

Reverse Fortunes Weekly Podcast Episode #181 Reverse Fortunes’ most recent podcast takes a look at the reverse mortgage borrower of the past—and whether that borrower will continue to be able to get a reverse mortgage in the future. Also hear from Reverse Fortunes’ Shannon Hicks on a recent court battle between Allied Home Mortgage and [...]