Foreclosures on the rise for seniors with reverse mortgages

Nearly 24,000 borrowers in the U.S. received notices that their reverse mortgage became “due and payable” in the 2015 federal fiscal year ended last September, triple the level of 2014, according to the U.S. Department of Housing and Urban Development.

HUD tightens requirements for loans seniors can take against their homes

Concerned about financial losses in a federally insured mortgage program for seniors, the Department of Housing and Urban Development on Tuesday announced plans to...

Timeline: Reverse Mortgages

Review an interactive timeline of the U.S. Department of Housing and Urban Development's reverse mortgage program since its launch 1989.

Mass AG settles with two who allegedly misled elderly in reverse...

Dolores Rush of Quincy wishes she never obtained a so-called reverse mortgage on her three-bedroom family home. She and her now-deceased husband had paid...

Lawsuit says reverse-mortgage companies cheated 95-year-old with drive-by home inspections

A 95-year-old woman backed by consumer and elderly advocates sued two reverse-mortgage companies for charging allegedly excessive fees after she fell into foreclosure proceedings.

Why are seniors in trouble with reverse mortgages?

Watch our video to learn more about reverse mortgages.

Seniors face more foreclosures as reverse mortgages bite back

Nearly 24,000 borrowers in the U.S. received notices that their reverse mortgage became “due and payable” in the 2015 federal fiscal year ended last September, triple the level of 2014, according to the U.S. Department of Housing and Urban Development.

Mass. Attorney General settles with foreclosure firm

Six years ago, former Attorney General Martha Coakley launched an investigation into Newton-based foreclosure firm Harmon Law Offices PC, concerned it was violating certain eviction and foreclosure laws. Last spring, the new Attorney General Maura Healey quietly settled the case without the company admitting to, or the office finding, any wrongdoing.

Healey backs new law protecting homeowners from tax lien sales

A representative from Massachusetts Atty. Gen. Maura Healey's office testified Tuesday in favor of a bill meant to protect elderly and disabled residents who are struggling to pay past due municipal taxes. The legislation – “An Act Relative to the Improvement in the Process for Collecting Delinquent Property Taxes” – was discussed Tuesday morning in the state Joint Committee on Revenue.