A group of consumer and legal advocates is accusing major reverse mortgage companies of illegally overcharging senior homeowners.

Attorneys for the AARP Foundation, Tusa P.C., and Giskan, Solotaroff & Anderson LLP filed a class-action lawsuit on Jan. 16 and publicly announced it Thursday. They allege that several major reverse mortgage servicers unlawfully charged prohibited fees to borrowers.

The lawsuit, filed in the U.S. District Court for the Eastern District of New York, names Compu-Link Corp., dba Celink; Finance of America Reverse LLC; and Carrington Mortgage Services Inc. as defendants. Attorneys also filed a motion to add Longbridge Financial details ⇒