After sentencing of reverse mortgage scammer, Illinois activists seek home preservation program
Following the sentencing of scammer Mark Diamond, Illinois is considering a home renovation program for older residents under state law.
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Reverse mortgage servicing safeguard might help LA borrowers
A 2023 safeguard introduced in reverse mortgage servicing software could help borrowers in Los Angeles avoid foreclosure.
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
Longbridge files to remove ads from website in case against Mutual
Longbridge has filed a motion in court seeking to take down material it contends is deceptive and misleading from several websites.
Habitat for Humanity sees success with aging in place program
A New York county branch of Habitat for Humanity says its aging in place program is making a difference for area seniors.
Mutual of Omaha denies Longbridge allegations, files counterclaim
Mutual of Omaha has denied Longbridge’s allegations, and wants a jury trial to determine monetary losses from Longbridge’s own alleged actions.
Wildfire damage with a reverse mortgage? Here’s what to do
First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.
Fairway eyes reverse mortgage expansion in 2025
Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year.
As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
New CFPB report looks at reverse mortgage activity in 2023
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry.