The U.S. Department of Housing and Urban Development (HUD), which regulates the reverse mortgage market, has reversed itself on a rule that was forcing some spouses of borrowers into foreclosure. AARP had filed a lawsuit against HUD, charging that the agency illegally implemented two important rule changes in 2008. The first stated that the non-recourse [...] [read full article…]
Services & Advocacy for LGBT Elders (SAGE) launched a new caregiving portal on its National Resource Center on LGBT Aging website. The Resource Center’s caregiving portal offers tools, tips and multimedia resources that address the challenges unique to LGBT older adults providing care to loved ones. “Caregiving, and access to caregiver supports, is a major [...] [read full article…]
When the Obama Administration announced recently that it no longer will defend the Defense of Marriage Act (DOMA) in court, the news drew plenty of celebratory praise from the LGBT community, and brickbats from conservatives. The court battles over DOMA are far from over. But the Administration’s decision points to the very dramatic gap in [...] [read full article…]
Many employment benefits are geared to employee earnings history. But married couples often can take advantage of policies that allow lesser-earning spouses to tap the benefits of the higher-earning partner. That option often isn’t available to LGBT couples – including those who reside in one of the five states (and District of Columbia) that currently [...] [read full article…]
Reverse mortgage loans, which allow seniors to convert home equity into cash, have become more popular in recent years. But now the reverse mortgage industry and government regulators are dealing with a potential nightmare: a growing number of loan defaults that could lead to foreclosures, and even evictions of elderly homeowners in some cases. Non-performing [...] [read full article…]
