Mortgage Crisis: Seniors Losing Their Golden Years

Posted: Updated:

The worst economic crisis since the Great Depression has slashed home values and triggered an unprecedented surge in foreclosures across the nation. It's also taking an especially harsh toll on an often overlooked demographic: seniors who are retired or nearly so.

Conventional wisdom holds that most seniors have paid off their mortgages or have significant equity in their homes, but in reality hundreds of thousands are suffering in the housing crisis.

Read the whole story at usatoday.com

Around the Web

HUD FHA Reverse Mortgage for Seniors (HECM)

Video: Reporter chronicles personal mortgage meltdown

Ben Bernanke and His Terrifying Toolkit