Elder Law

AARP Warns Seniors Of Reverse Mortgages; SNSFE Investigating
The American Association of Retired Persons (AARP) has warned seniors of reverse mortgages. Reverse mortgages can carry high costs -- as much as 7% of a home's value. They also have been subject to abusive marketing practices...

Reverse Mortgages -- The Good, Bad, and Ugly
In Cashing in on home sweet home, 96 Ill. B.J. 179 (2008), Helen W. Gunnarsson explains that reverse mortgages are a popular, but controversial, way for elderly clients to use the equity in their homes...

Reverse Mortgages Can Be a Snare for the Elderly
According to Charles Duhigg, Tapping Into Homes Can Be Pitfall for the Elderly, NYTimes.com, March 2, 2008: As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more...

SNSFE Investigating Abuses With Reverse Mortgages In Light Of FINRA Investor Alert
Attorneys at SNSFE are investigating the suitability of reverse mortgages for senior investors. FINRA, the Financial Industry Regulatory Authority has issued an Investor Alert urging homeowners over the age of 60 to carefully weigh all of their options before tapping...

Reverse Mortgage Information for Consumers
The Commonwealth of Massachusetts has launched a new website to help consumers make wise choices about Reverse Mortgages. The site explains that a "reverse mortgage loan is a special type of mortgage loan for seniors (generally age 62 and older)...

Reverse Redlining Predatory Lending Complaint
The Associated Press, via Law.com, reports here that a Texan has brought a reverse redlining predatory lending suit suit. According to the article, the plaintiff charges that she was "victimized by a loan with onerous terms because of her skin...

Reverse Mortgages
Consumer facts

The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets

Stock Splits and Reverse Stock Splits
How splits can affect stock value

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.