Skip Navigation

Reverse Mortgages in Philadelphia: Lending Patterns, Foreclosures & Homeowner Experiences

From 2009 through 2016, Philadelphia was one of the most active reverse mortgage lending markets in the nation. With support from the City of Philadelphia, Reinvestment Fund collected and analyzed data on the frequency, terms and geographic distribution of reverse mortgages. This lending analysis was supplemented with in-depth interviews conducted with Philadelphia homeowners, and their heirs, who obtained a reverse mortgage and subsequently experienced a foreclosure – something they never thought possible. Interviews focused on borrowers’ experiences, from the moment they first contemplated a reverse mortgage through the point that they experienced a foreclosure filing, and then through the resolution of that foreclosure process. This work is part of a larger investigation into the potential fair housing implications of reverse mortgage lending in the Philadelphia metropolitan area.

Latest Insights

Impact Story September 20, 2023

Status:Home: Supporting Equitable, Affordable Housing for a Vulnerable Population


Senior Services: Intergenerational Center for Arts & Wellness

News September 1, 2023

Summer Newsletter: Community-driven Improvements for Historic Philadelphia Park, Uniting on the Promise of Black Higher Education, and more