Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
'Predatory Capitalism On Steroids': Black Seniors Losing Homes Because Of Reverse Mortgages
Posted
June 13, 2019
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June 13, 2019
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9:49Now PlayingA recent USA Today Investigation focused on how seniors who take out reverse mortgages for retirement security are now losing their homes.
The USA Today report found that reverse mortgages end in foreclosure six times more often in predominantly Black neighborhoods than in neighborhoods that are 80% white.
F.Y.I.: A reverse mortgage is a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, usually to supplement retirement income.
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A former Baltimore Police officer has been convicted in the assault of man last year. The Judge convicted Arthur Williams of second-degree assault and misconduct and not guilty of the more serious charge of first-degree assault.
Williams' sentencing is scheduled for Aug. 9. He faces 10 years for the second-degree assault charge. The judge can give any penalty that's not cruel and unusual
The officer resigned after the video of the assault went viral.
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