WASHINGTON -- More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to weather the storm, a new AARP report says.

Older African-Americans and Hispanics are the hardest hit.

"The Great Recession has been brutal for many older Americans," said Debra Whitman, AARP's policy chief. "This shows that home ownership doesn't guarantee financial security later in life."

Even working two jobs hasn't been enough to allow Jewel Lewis-Hall, 57, to make her monthly mortgage payments on time. Her husband has made little money since being laid off from his job at a farmer's market, and Lewis-Hall said her salary as a school cook falls short of what she needs to make the payments on her home in Washington.

Lewis-Hall and her husband have been making their payments late for about a year, but panic didn't set in until recently, when the word "foreclosure" showed up in a letter from the bank.

"You're used to living a certain way, but one thing leads to another," Lewis-Hall said. "It's not like I have a new car or anything. I'm driving one from 1991."

According to AARP:

About 600,000 people who are 50 years or older are in foreclosure.

About 625,000 in the same-age group are at least three months behind on their mortgages.

About 3.5 million -- 16 percent of older homeowners -- are underwater, meaning their home values have gone down and they now owe more than their homes are worth.

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AARP said that over the past five years, the proportion of loans held by older Americans that are seriously delinquent jumped by more than 450 percent.