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While the majority of companies promoting FHA reverse mortgages are safe there are some mortgage fraudsters out to take your money, your house, or even your identity. Reading this alert is your best defense.
A reverse mortgage allows borrowers to convert part of the equity in their homes into cash…
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This bulletin provides an overview of areas in which to prevent fraud and mismanagement. All public housing agency (PHA) commissioners should know steps to take in maintaining integrity at their PHA. HUD-OIG will issue more in-depth coverage for each of these areas in future bulletins.
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Now you can read this important message in several languages!
Is Fraud Worth it? - In Arabic
Is Fraud Worth it? - In Cantonese
Is Fraud Worth it? - In Korean
Is Fraud Worth it? - In Vietnamese
Is Fraud Worth it? - In Russian
Is Fraud Worth it? - In Spanish
Is Fraud Worth it? - In Mandarin
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HUD OIG drafted a bulletin outlining guidance that the Federal Housing Administration (FHA) has provided for borrowers and servicers to implement the forbearance provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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HUD OIG drafted a fraud bulletin outlining potential loan modification and foreclosure rescue schemes that borrowers may face.
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HUD OIG drafted a fraud bulletin outlining potential common reverse mortgage schemes that borrowers may face, along with actions to take and not take if you are considering a reverse mortgage loan.