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Real Estate & Property Law

: The Home Equity Theft Reporter

AARP Sues HUD Over "Middle-Of-The-Game" Changes In Reverse Mortgage Rules

By r morris

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The New York Times reports:Reverse mortgages, which pay older homeowners a regular sum against the equity in their house, are supposed to shield borrowers from economic upheaval. But the popular loans have become tangled up in the real estate collapse.AARP, the seniors? organization, filed suit Tuesday against the Department of Housing and Urban Development, which regulates reverse mortgages. The

Full post as published by The Home Equity Theft Reporter on March 11, 2011 (boomark / email).

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