DC Circ. Revives Suit Over Reverse-Mortgage Foreclosures

Law360, New York (January 4, 2013, 5:23 PM EST) -- The D.C. Circuit on Friday resurrected a suit against the head of the U.S. Department of Housing and Urban Development challenging an agency policy that allegedly makes it easier for reverse-mortgage lenders to foreclose upon homes occupied by widowed spouses.

Reversing a district court's ruling that Robert Bennett and Leila Joseph lacked standing to sue the agency because third-party lenders still could foreclose on their homes even if HUD improperly insured their deceased spouses' reverse-mortgages, the D.C. Circuit said the agency had the power to take...
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