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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD Sued by AARP Over Reverse Mortgage Rule Change

By Implode-Explode Heavy Industries

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"The Department of Housing and Urban Development was sued this week by the American Association of Retired Persons (AARP) on behalf of three homeowners facing foreclosure on HUD guaranteed reverse mortgages that were issued to their late spouses. The Foundation claims that the surviving spouses are facing "imminent foreclosure and eviction from their homes" because HUD abandoned federal rules and violated protections assigned to those spouses."

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2011 (boomark / email).

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