The foreclosure crisis hits seniors hard

Midday with Dan Rodricks on WYPR-FM explored a new AARP report that says the number of older Americans seriously delinquent on loans jumped more than 450 percent in the last five years.

Some 3.5 million older homeowners are underwater on their mortgages.  Older African Americans and Hispanics are the hardest hit. A show earlier this week looked at how the mortgage crisis has effected the country’s senior citizens and left millions of them fiscally vulnerable in retirement.

Dan’s guests were Vicki King Taitano, director of the Foreclosure Legal Assistance Project at Maryland Legal, and Susan Reinhard, senior vice president and director for the AARP Public Policy Institute. To hear the show, click here.

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