Foreclosures hitting older blacks and hispanics harder

[dogtowner]

not good news for the re-election campaign

the fact is Obama's insistence of not addressing the jobs issue is a body blow to his core constituencies.

AARP said that over the past five years, the proportion of loans held by older Americans that are seriously delinquent jumped by more than 450 percent.

Homeowners who are younger than 50 have a higher rate of serious delinquency than their older counterparts. But the rate is increasing at a faster pace for older Americans than for younger ones, according to AARP's analysis of more than 17 million mortgages.

Still paying mortgages at 75 ? I think they have bigger and different problems.

Among older homeowners, those who are 75 or older are in the worst shape when it comes to foreclosures, the report showed. In 2007, one out of every 300 homeowners 75 or older was in foreclosure. Five years later, about one in 30 face that same fate.

 

[Cruella]

Still paying mortgages at 75 ? I think they have bigger and different problems.

Totally. That mortgage should have been paid off long before retirement age.

 

[dogtowner]

Totally. That mortgage should have been paid off long before retirement age.

really. ask #d McMahon