Mark Diamond, 68, pleaded guilty to scamming more than 100 homeowners out of at least $7 million through a reverse mortgage ...

Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises ...

A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced ...

While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...

The U.S. population is older today than ever before, with people over 65 outnumbering children for the first time in history.

Home equity is a valuable financial resource. By definition, it's the difference between your home's value and how much you ...

More seniors are learning about reverse loans and their appealing advantages. These financial tools use houses as collateral ...

Reverse mortgages can help older homeowners free up cash in retirement by borrowing against the value of their home. They can ...

A home equity loan is a type of second mortgage on a home that’s secured by the underlying property. Learn more here.

First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.

Graves: They’re especially useful as a financial reserve for emergencies, home repairs, or market downturns. For example, instead of withdrawing from investment accounts during a market dip, retirees ...

Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year ...