Reverse Mortgages a Target for Fraud

Though the FBI’s 2009 Mortgage Fraud Report, which shows that reverse mortgages are the main target for fraud, the NFCC is endorsing reverse mortgages.....Despite the fact that the FHA has had to become tougher on seniors with reverse mortgages, there has been a 10% cut in maximum borrowing amounts, and the growth of reverse mortgage scams, the NFCC has stated that “reverse mortgages are the....... http://bit.ly/9NknKV

Two Members of Reverse Mortgage Fraud Ring Plead Guilty: Fraudsters Profited from FHA-Insured “Reverse” Loans Intended to Benefit Seniors.... http://bit.ly/aWXrjs

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