David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new ...

A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced ...

Diamond was sentenced to 205 months—or 17 years and one month—in prison. He was also ordered to pay $2.7 million in ...

While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...

Reverse servicing pro Jared Skrabala says a 2023 action tied to a Colorado fire could help impacted HECM borrowers in Los ...

Home equity is a valuable financial resource. By definition, it's the difference between your home's value and how much you ...

Mark Steven Diamond was sentenced to 17 years in prison after “bilking elderly homeowners in a reverse mortgage and home ...

Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises ...

"Diamond and the co-schemers targeted elderly victims in the Chicago area based on the amount of equity in their homes and ...

Graves: They’re especially useful as a financial reserve for emergencies, home repairs, or market downturns. For example, instead of withdrawing from investment accounts during a market dip, retirees ...

More seniors are learning about reverse loans and their appealing advantages. These financial tools use houses as collateral ...

Anyone with equity in a home can potentially take advantage of a reverse mortgage, also known as a home equity conversion ...