#864: How One Scammer Prompted a New Illinois Bill

from Reverse Mortgage News by HECMWorld · host HECMWorld

[CBS] New Illinois bill prompted by reverse mortgage home improvement scam. [CFPB] The CFPB issues findings on home equity products. [RMI] Reverse Market Insight’s Market Minute with Jon McCue.. Watch our video podcast here!

What this episode covers

Home Improvement Reverse Mortgage Scam Prompts New Illinois Bill [CBS News] One Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill. Other Stories: [CFPB] The CFPB issues findings on home equity products. Read the full story @ https://www.consumerfinance.gov/data-research/research-reports/issue-spotlight-home-equity-contracts-market-overview/ [RMI] Reverse Market Insight’s Market Minute with Jon McCue.

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#864: How One Scammer Prompted a New Illinois Bill

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This episode is 17 minutes long.

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This episode was published on February 3, 2025.

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