The HUD OIG report details some reverse mortgage highlights, including an ongoing oversight priority and a recent conviction.

State- and D.C.-level laws, statutes, and codes pertaining to reverse mortgages Fact checked by Melody Kazel Reviewed by Doretha Clemon In addition to federal laws regulating reverse mortgage ...

The former attorney encouraged a victim to obtain a reverse mortgage and fund a trust account he was siphoning money from.

Before starting a reverse mortgage, seniors must receive federally ... Odette Williamson, an attorney with the National Consumer Law Center, said her group is working with Congress and HUD to ...

Proprietary reverse loans are typically available to a larger range of borrowers and come with higher loan limits than the ...

One way to do that? Reverse mortgages. Reverse mortgages are a creature of federal law. As part of the Housing and Community Development Act of 1987, the Federal Housing Administration (FHA ...

The economy has been somewhat of a mixed bag recently. Some have struggled to keep up with high inflation and high interest rates, while others have benefitted from a rising stock market and real ...

Federal law permits the use of power of attorney to apply for a reverse mortgage on someone else's behalf, but some lenders may ask for more documentation than the law requires. There are two ...

This story was originally published by the Illinois Answers Project as part of their series Making it in Chicago: Detours and ...