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Resource ID: #28790
Subject:Reverse Mortgages
Source:Nick Penzenstadler, Jeff Kelly Lowenstein, Allison Donahue, Jamie Fleury, Shirley Keys, Jasper Colt, Phelan Ebenhack, Jarrad Henderson, Mitchell Thorson, Amy Pyle, Chris Davis, David Hamlin, Chris Powers, Sean Sullivan, Annette Meade, Andrea Brunty,
Affiliation:McGraw Center for Business Journalism, USA TODAY
Date:2019-12-18
$0.00
Description
A first-of-its-kind analysis found that nearly 100,000 reverse mortgage loans made in the wake of the recession have failed, blindsiding seniors and their families. Urban African American neighborhoods are among the hardest hit. Those foreclosures drag down property values in their neighborhoods, in places like Chicago, Baltimore, Miami, Detroit and Philadelphia.
