Tag: foreclosure

A foreclosure sign

Homeowners nearing retirement have 40 percent of their wealth tied up in their homes. But to what extent do racial disparities in employment affect workers’ ability to hold on to a home and build up that wealth? This question is at the heart of an ambitious study of U.S. homeowners that digs into whether stab…

African american woman saves money in piggy bank with a confident expression on smart face thinking serious

In the second half of 2020, the number of retired homeowners who fell behind on their mortgage payments doubled to about 1 million per month. By July of this year, it had dropped to 680,000 retirees. The federal Consumer Financial Protection Bureau (CFPB), which issued the report on homeowners over age 65, said about 12…