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America’s mortgage crisis affected millions of older homeowners just at the time when their retirement nests should be heavily feathered, according to a study from the Public Policy Institute of…
They can be found diligently working in local grocery stores, offices, department stores and within the health care industry – they’re Americans aged 65 and older who remain active in…
There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…
Responding to complaints from thousands of veterans, Congress, the Obama administration and various veterans groups are condemning some of the practices of for-profit schools and colleges that receive hundreds of…
Economists around the globe are crunching the latest G.19 credit numbers released by the Federal Reserve’s Board of Governors, numbers that show that consumers around the world are still borrowing…
Unlike other sectors of the mortgage market, which appear to be steadying after years of turmoil, FHA loans are falling into delinquency and foreclosure at an alarming rate. A recent…
A recent consumer report indicated the government-insured reverse mortgage program, once intended to help seniors continue living in their homes free from financial constraints during the retirement years, contains possible…
After several challenging economic years, the sluggish housing market is said to be on the mend as the number of total home sales show a sales gain. In fact, economists…
The results are troubling for economists. In a country riddled with consumer debt — the next generation of American consumers, college students, seem to be following in their parents’ footsteps,…
Fallout from the collapse of the U.S. housing market is ongoing, and consumers are only now beginning to learn the effectiveness of various mortgage modification strategies that they used after…
Sources:
- Fleck, C. (2012, July 19). Mortgage Crisis Impacts Seniors. Retrieved July 19, 2012, from http://www.aarp.org/money/credit-loans-debt/info-07-2012/mortgage-crisis-impacts-older-americans.html?intcmp=HPBB4C
- Brown, R. (2012, July 19). Facing Foreclosure After 50. New York Times. Retrieved July 19, 2012, from http://www.nytimes.com/2012/07/19/us/foreclosure-rates-surge-for-older-americans-aarp-says.html?_r=1&hp
- Trawinski, L.A. (2012, July). Nightmare on Main Street: Older Americans and the Mortgage Market Crisis. Retrieved July 19, 2012, from http://www.aarp.org/content/dam/aarp/research/public_policy_institute/cons_prot/2012/nightmare-on-main-street-AARP-ppi-cons-prot.pdf
- PR Newswire. (2012, July 19). New AARP Study: Last Five Years Saw Unprecedented Numbers of Older Americans Lose Homes or Face Foreclosure. Retrieved July 19, 2012, from http://www.prnewswire.com/news-releases/new-aarp-study-last-five-years-saw-unprecedented-numbers-of-older-americans-lose-homes-or-face-foreclosure-162985996.html
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