What Effie signed was actually a reverse mortgage. On Thursday, Diamond was sentenced to more than 17 years in federal prison for defrauding seniors like Effie in a reverse mortgage and home ...

CHICAGO (CBS) -- A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced Thursday. Mark Diamond was sentenced to 205 months—or ...

Reverse Mortgage Rip-offs 01:56 Banks are pushing reverse mortgages as a way for seniors to get money out of their homes. But a Consumer Reports' investigation finds reverse mortgages can lead to ...

In another variation of this scam, the criminal might attend the ... could access some of the equity in your residence with a reverse mortgage. They may offer to appraise your home for a fee ...

A person going through a late-life divorce might even be perplexed by how a reverse mortgage might offer a potential solution to the financial stress of divorce. Profit and prosper with the best ...

A reverse mortgage is a good option for older borrowers who want to supplement their retirement income. Jump to insight Home equity loans have the fewest restrictions but can be the costliest option.