Seniors are most susceptible to companies claiming to offer reverse mortgages and turning out to be scams.

Home prices may begin to recover, but the outlook on home equity is not so good.

According to the Mortgage Bankers Association, a record percentage of U.S. mortgages entered foreclosure in the first quarter. Their survey forecasts continued rising unemployment into 2010, and therefore also consistently poor mortage performance until that time.

Despite critics' claims, former Federal Reserve Chairman Alan Greenspan insists that the Fed didn't feed the housing bubble and that it began before the Fed started cutting housing interest rates in 2001.

Lew Sichelman answers two readers' question about the Home Equity Conversion Mortgage.

Lew Sichelman answers reader questions about refinancing, home equity and tax liens.

Reverse mortgages have risen in popularity with seniors looking to tap their home equity and to avoid foreclosure. Home owners 62 and older can convert home equity to cash without losing their home.

Home equity is an equally important asset to retirement, the same as your IRA, 401k and Social Security. The economic downturn has caused an unprecedented decline in home prices, which may cause problems for some retirees.

REX agreements are a new phenom for people to tap into their home equity without adding to their debt, paying interest or additional monthly payments. While it's an easy sell, the risk is high - here the REX agreement is broken down in clear language.

Morgan Stanley is reducing home equity loans for a lot of clients, reflecting the dropping value of many homes. Other lenders are following suit as home prices continue to fall. Read more about it here.