Homeownership & Foreclosure

Reverse Mortgages

Reverse mortgages are designed to allow older homeowners to access their home equity without the risk of displacement from an unaffordable mortgage. Yet poor oversight of the servicing of these FHA-insured loans has resulted in older homeowners losing their homes to foreclosure at an alarming rate. NCLC promotes policy reforms and supports advocates who represent reverse mortgage borrowers.

Featured

View All for Featured
ProPublica: “We Buy Ugly Houses” Company Overhauls Policies in the Wake of ProPublica Investigation

January 24, 2024

NCLC Petition for Reg X Rulemaking on HELOCs, Reverse Mortgages, Language Access, and Manufactured Housing

August 29, 2023

The Wall Street Journal: Zombie Mortgages Could Force Some Homeowners Into Foreclosure

June 4, 2023

NCLC Senior Attorney Sarah Bolling Mancini Appointed to CFPB Consumer Advisory Board

March 1, 2023

Reverse Mortgage Daily: “NCLC reverse mortgage report highlights servicing issues”

February 7, 2023

Unmet Promise: Reverse Mortgage Servicing Challenges and How to Preserve Housing Stability for Older Adults

February 6, 2023

Reverse Mortgage Servicing Problems Put Homeowners At Risk

February 6, 2023

Joint Letter from NCLC and NRMLA to HUD Regarding Reverse Mortgage Foreclosures

September 17, 2022

Letter to FHA Regarding Clarifying the HAF Foreclosure Pause for Reverse Mortgage Borrowers

May 17, 2022

Comments & Letters

View All for Comments & Letters
Letter Opposing H.R. 7428 (Steil), Earned Wage Access Consumer Protection Act

April 16, 2024

Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023

April 16, 2024

Group Letter to House Energy and Commerce Subcommittee in Support of the DELETE Act

April 16, 2024

Comments to Proposed Rule re Use of Equifax The Work Number by Social Security Admin

April 15, 2024

Letter to HUD Acting Secretary Todman Supporting Updated Energy Efficiency Building Codes

April 8, 2024

Comments to FCC on Wireless Providers Exemption and Automated Opt Out

April 4, 2024

Coalition Letter to U.S. Census Bureau on National Housing Loss Rate

April 4, 2024

Joint Letter to the Department of Education Regarding the Implementation Delay of the new Financial Value Transparency and Gainful Employment (GE) Rule

April 2, 2024

Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Reports

View All for Reports
Unmet Promise: Reverse Mortgage Servicing Challenges and How to Preserve Housing Stability for Older Adults

February 6, 2023

Issue Briefs

View All for Issue Briefs
FAQ: Homeowner Assistance Funds and Reverse Mortgages

March 1, 2022

HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers

August 5, 2021

Using the Homeowner Assistance Fund to Prevent Reverse Mortgage Foreclosures: What Treasury and the States Can Do

April 1, 2021

Assisting Homeowners with Reverse Mortgages after a Natural Disaster: A Guide for Advocates

October 1, 2018

Recommendations to Improve Servicing and Reduce Foreclosures of Federal Reverse Mortgages

Testimony

View All for Testimony

Press Releases & News

View All for Press Releases & News
ProPublica: “We Buy Ugly Houses” Company Overhauls Policies in the Wake of ProPublica Investigation

January 24, 2024

The Wall Street Journal: Zombie Mortgages Could Force Some Homeowners Into Foreclosure

June 4, 2023

NCLC Senior Attorney Sarah Bolling Mancini Appointed to CFPB Consumer Advisory Board

March 1, 2023

Reverse Mortgage Daily: “NCLC reverse mortgage report highlights servicing issues”

February 7, 2023

Reverse Mortgage Servicing Problems Put Homeowners At Risk

February 6, 2023

Reverse Mortgage Podcast: NCLC Attorney Sarah Bolling Mancini

March 30, 2022

Advocates Applaud HUD’s Actions to Protect Vulnerable Widows and Widowers and Prevent Avoidable Foreclosures

May 12, 2021

Advocates: HUD Must Do Much More to Protect Older Reverse Mortgage Borrowers in the Coronavirus Epidemic

March 24, 2020

In the Wake of HUD Major Policy Change on Non-Borrowing Spouses, NCLC Attorney to Testify Before U.S. House on Risks to Elders from Reverse Mortgage Abuses

September 24, 2019

From the NCLC Digital Library

Mortgage Lending

NCLC’s treatise on loan origination, preemption, and litigation, with details on reverse mortgages, land installment contracts, HELOCs, home equity sharing, and other non-traditional mortgages.

Read Chapter One

Support NCLC

Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!

Donate