The difficult economic environment and associated financial uncertainty has resulted in an increasing number of senior citizen homeowners accessing equity in their homes through reverse mortgage programs as a way to ease their financial situation. As a result, senior citizen homeowners who use equity conversion programs to meet their financial needs are increasingly becoming a target for scammers. FinCEN, law enforcement, and other government agencies are actively working with financial institutions to help reduce the incidence fraud and victimization through reverse mortgage programs.
- FinCEN Assists in FFETF's Investigation of Reverse Mortgage Scheme(02/23/2012) HTML Only
- FinCEN Warns Lenders to Guard Against Home Equity Conversion Mortgage Fraud Schemes (04/27/2010) HTML | PDF