HECM Reverse Mortgage Rules

HECM Reverse Mortgage Rules

HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]

Reverse Mortgages

Reverse Mortgages: What You Don’t Know Could Cost You

Reverse Mortgages: What You Need to Know I have been inundated with calls about Reverse Mortgages lately. So I have decided to write this article explaining how Reverse Mortgages work and if they are right for you. If you have any further questions, I can refer you to a qualified FHA broker or originator.  What […]

Florida Supreme Court

Ocwen Sues Major Foreclosure Mill For Fraud

Ocwen Sues Foreclosure Mill Connolly, Geaney, Ablitt & Willard, P.C. For Malpractice, Breach of Contract, Unfair & Deceptive Practices, Fraud By Suppression & Fraud By Misrepresentation Struggling mortgage servicer, Ocwen Financial is suing multi-state foreclosure mill, Connolly, Geaney, Albitt & Willard, P.C. (CGAW) in a multi-million dollar malpractice and fraud case. In the suit, Ocwen […]

Massachusetts Mortgage Broker

Massachusetts Mortgage Broker Sentenced to Federal Prison

Massachusetts Mortgage Broker Michael P. O’Donnell Sentenced To 3 Years In Federal Prison, 2 Years Of Supervised Release And Fine Of $150,000. Massachusetts mortgage broker Michael P. O’Donnell was sentenced to three years in prison, two years of supervised release and ordered to pay a fine of $150,000 for Bank Fraud in connection with his […]

Reverse Mortgage

Reverse Mortgage Broker Feels The Wrath Of Mass AG

Reverse Mortgage Broker Direct Finance Corporation Gets Sued By New Massachusetts AG For Ripping Off Seniors Massachusetts Attorney General Maura Healey filed a civil complaint in Suffolk Superior Court against reverse mortgage broker Direct Finance Corporation(DFC) based in Norwell, Massachusetts, its employee, Daniel Matthews who worked as a loan originator, and outside insurance agent James Moniz, alleging that […]

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