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	<title>Reverse Mortgage Fraud</title>
	<link>http://www.reversemortgagefraud.com</link>
	<description>Fraud in the Industry</description>
	<lastBuildDate>Fri, 02 Sep 2011 18:40:59 +0000</lastBuildDate>
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	<item>
		<title>Reverse Mortgage Warnings and shady characters</title>
		<description><![CDATA[In Sunrise, an elderly condo owner on Aragon Boulevard applied for a reverse mortgage on a property appraised at $31,000. Gendason, 42, changed the appraisal report to say that the condo was worth $275,000 in order to obtain an inflated reverse mortgage loan, the attorney general’s office alleges. When Genworth paid out the loan, closing [...]]]></description>
		<link>http://www.reversemortgagefraud.com/reverse-mortgage-warnings-and-shady-characters.html</link>
			</item>
	<item>
		<title>South Florida Reverse Mortgage Fraud</title>
		<description><![CDATA[Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam, according to allegations unveiled Wednesday by U.S. Attorney Wifredo Ferrer. Through 1st Continental Mortgage Company, which has offices in Fort Lauderdale and Boca Raton, the group processed 14 reverse mortgages across the country and did [...]]]></description>
		<link>http://www.reversemortgagefraud.com/south-florida-reverse-mortgage-fraud.html</link>
			</item>
	<item>
		<title>Reverse Mortgage Counseling no longer subsidized by HUD</title>
		<description><![CDATA[In one of the of the more unfortunate turn of events in the recent history of the Reverse Mortgage, HUD (Department of Housing and Urban Development) has decided to withdraw is subsidies of Reverse Mortgage Counseling for Senior Citizens looking to obtain a Reverse Mortgage.  This mandatory service for every Reverse Mortgage applicant will unfortunately [...]]]></description>
		<link>http://www.reversemortgagefraud.com/reverse-mortgage-counseling-no-longer-subsidized-by-hud.html</link>
			</item>
	<item>
		<title>HECM Fraud Investigations</title>
		<description><![CDATA[Assistant Special Agent in Charge, Office of the Inspector General (OIG), U.S. Department of Housing and Urban Development (HUD), Michael Stolworthy discusses some HECM Fraud.]]></description>
		<link>http://www.reversemortgagefraud.com/hecm-fraud-investigations.html</link>
			</item>
	<item>
		<title>HUD takes action againts Reverse Mortgage Lender in Hawaii</title>
		<description><![CDATA[The U.S. Department of Housing and Urban Development today announced that its Mortgagee Review Board ( MRB ) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage ( HECM or reverse mortgage ) lender based in Honolulu, Hawaii. HUD&#8217;s MRB alleges the Company failed to implement [...]]]></description>
		<link>http://www.reversemortgagefraud.com/hud-takes-action-against-reverse-mortgage-lender.html</link>
			</item>
	<item>
		<title>Seniors face predatory Reverse Mortgage Lenders</title>
		<description><![CDATA[Predatory lending practices that produced the subprime mortgage meltdown have cropped up in the reverse mortgage market.]]></description>
		<link>http://www.reversemortgagefraud.com/seniors-face-predatory-reverse-mortgage-lenders.html</link>
			</item>
	<item>
		<title>Jane McClellan Reverse Mortgage Fraud</title>
		<description><![CDATA[An arrest warrant has been issued for an in-home caregiver on allegations she stole nearly $100,000 from a Fairfax couple in their 90s, police said Wednesday.

Jane Macam McClellan, 48, is wanted on suspicion of financial abuse, embezzlement and forgery and is apparently on the lam, according to Fairfax police Sgt. Stuart Baker.

The Fairfax couple, a 98-year-old woman and her 92-year-old husband, employed McClellan for about six months ending in August, when the couple's family found financial irregularities and fired]]></description>
		<link>http://www.reversemortgagefraud.com/jane-mcclellan-reverse-mortgage-fraud.html</link>
			</item>
	<item>
		<title>Reverse Mortgage used in Time Share Fraud</title>
		<description><![CDATA[It is never good to see Reveres Mortgages mixed with Schemes and Fraud. Here is some info from the Oregon Business News. The Oregon Department of Consumer and Business Services said today it fined four firms and 11 marketing and salespeople in Oregon, Illinois and Indiana involved in the operation. Oregon residents plunged $5.3 million [...]]]></description>
		<link>http://www.reversemortgagefraud.com/reverse-mortgage-used-in-time-share-fraud.html</link>
			</item>
	<item>
		<title>Abuses found in Reverse Mortgage Marketing</title>
		<description><![CDATA[Reverse mortgages, which let seniors cash out home equity, have the potential to spawn another subprime-style financial crisis, according to a report released Tuesday. &#8220;We&#8217;re seeing some of the same types of abuses that happened in the subprime market &#8211; perverse incentives to sellers, deep-pocket players, taking a product designed to fill a particular need [...]]]></description>
		<link>http://www.reversemortgagefraud.com/abuses-found-in-reverse-mortgage-marketing.html</link>
			</item>
	<item>
		<title>Fraudulent Reverse Mortgage Counseling</title>
		<description><![CDATA[Channel 8 in Las Vegas is reporting that scammers are targeting seniors through reverse mortgages using a tactic called fraud counseling.]]></description>
		<link>http://www.reversemortgagefraud.com/fraudulent-reverse-mortgage-counseling.html</link>
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