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

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 ...

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

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

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

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

A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...

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 ...

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

A reverse mortgage can allow older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the loan isn't ...

Reverse mortgages remain the pariahs of the U.S. loan world. A 2022 study published in Oxford Academic revealed there were just 33,000 reverse mortgages originated during the same year when ...