The Home Equity Theft Reporter: Mortgage Broker, Attorney, Loan Officer Sentenced In South Florida Scam Resulting In $37+M In Fraudulently Obtained Mortgages

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A loan officer was sentenced Friday by U.S. District Court Judge William P. Dimitrouleas in Ft. A reverse mortgage, also known as a Home Equity Conversion Mortgage, allows borrowers who are at least 62 years of The defendants then submitted the fraudulently inflated appraisals to Genworth.

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You need a mortgage for a new home purchase or to refinance your existing home loan. It’s easy enough to find a lender, either online or through referrals from realtors, friends If a loan officer is not very knowledgeable, there could be mistakes made resulting in a loan denial or additional conditions.

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Mortgage brokers can also operate as "up-front" mortgage brokers, meaning they will negotiate a fee directly with the buyer in exchange for Savings & Loan Associations. Savings and loans accept deposits from customers into savings/money market accounts and pay interest on those accounts.

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HELOC vs. Home equity loan. Consolidate your debt using home equity. Our award-winning editors and reporters create honest and accurate content to help you make the "We encourage victims of both kinds of scams to file complaints with the FTC (Federal Trade Commission), their state attorney.

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