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Reverse mortgages gaining legitimacy, if not popularity, in region

While reverse mortgages still have a negative connotation for many, those fears are mostly misplaced, according to Nick Buscaglia, senior vice president for residential mortgage at M&T Bank.

Wary borrowers avoiding reverse mortgage market

Reverse mortgages have weathered some controversy over the years, ranging from news stories regarding foreclosure cases against seniors who defaulted on the terms of their loans to a wider misperception that lenders automatically seize the property upon the death of the borrower.

Feds charge Valhalla firm with bank fraud over mortgages

Terra Foundation charged fees for filing fraudulent mortgages discharges, according to a federal indictment of five principals in the business.