The AARP Foundation has recently joined a class action lawsuit against several reverse mortgage companies, alleging that these companies have been imposing unlawful fees on their customers. According to the lawsuit, the fees in question include charges for appraisals, inspections, property preservation, as well as attorneys’ fees or costs. This action by the AARP Foundation highlights concerns about potential unfair practices within the reverse mortgage industry.

Key points:

– AARP Foundation joins class action lawsuit against reverse mortgage companies.
– Lawsuit alleges unlawful fees imposed by these companies.
– Fees include appraisals, inspections, property preservation, and attorneys’ fees or costs.
– AARP Foundation’s involvement raises concerns about potential unfair practices in the reverse mortgage industry.

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