The Department of Housing and Urban Development (HUD) administers FHA insured Home Equity Conversion Mortgages (HECMs), commonly referred to as Reverse Mortgages. Reverse Mortgages are different from traditional mortgages because they don’t require monthly repayments toward the amount borrowed. This arrangement provides “cash poor” homeowners with much needed cash. Sound too good to be true?

A woman is giving a garden party with several wealthy guests attending. During the festivities, two gardeners are out working on the back lawn. As a guest watches, one gardener is busy weeding when the other suddenly leaps high in the air, spins around, and gracefully swirls.

Every day you hear of another victim of identity theft or fraud. In response to this onslaught of financial pirates, last November, the Financial Fraud Enforcement task force was formed to crack down on some of these big schemers. According to the FBI, seniors are key targets.