Citigroup stock has recovered nicely over the last two weeks, but still remains well below where it was just a year ago. NEW YORK (CNNMoney.com) -- Citigroup unveiled plans Thursday to pursue a reverse stock split, and the company officially gave ...

Experts think the nation’s deepening economic crisis is creating a whole new universe of potential scam victims every day.

A Humble Manifesto: How to Reverse Course and Achieve Economic ...
Motley Fool
Amid the recent economic downturn, mortgage crisis, bank credit deep freeze, spike in unemployment and massive debt run-up, we as a nation have been faced with an ultimatum on whether tomorrow will remain prosperous. Today a bank goes under, ...

SYS-CON Media (press release)
Reverse Mortgages Serve as Lifeline for Seniors
RisMedia.com (press release), CT
Fortunately, homeowners 62 years and older can often bail themselves out of financial trouble with a reverse mortgage. With a reverse mortgage, homeowners have no monthly mortgage payment. Instead, the “lender” makes payments to the homeowner out of ...
Harborstone Credit Union Partners with Security Reverse Mortgage ... PR Newswire (press release)
Live a blessed life through reverse mortgage Canada Depok Metro
Mortgage lender seen as target Financial Post
News1130
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In its recent annual report to the Mortgage Banker's Association, the Mortgage Asset Research Institute described three emerging mortgage fraud schemes that are either new or increasing in popularity. Foreclosure Prevention Schemes – These ...

A surprise injection of an extra US$1 trillion into the U.S. economy by the Federal Reserve lifted global economic sentiment on Thursday but European leaders looked set to resist pressure to spend more.

Mortgage measure passes House committee
AZ Central.com, AZ
19, 2009 12:00 AM Arizona consumers could get their first state-level protections when they get a reverse mortgage. Without dissent, the House Banking and Insurance Committee has agreed to set up some new regulations on those who offer the mortgages, ...

New York Daily News
Mortgage giant Fannie Mae planned big bonuses for Kenneth Bacon ...
New York Daily News, NY
 The Director of the Federal Housing Finance Agency, James B. Lockhart, says the company needs to give bonuses to keep its execs at the company so they can reverse the effects of the mortgage crisis. "As the previous senior management teams left, ...
Four Fannie Mae execs to get big bonuses CNN International
Fannie Mae Executives in Line for Big Bonuses, Too BankInfoSecurity.com
Credit unions fight off 'punitive' act Politico
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Citigroup unveiled plans Thursday to pursue a reverse stock split, and the company officially gave notice of its previously announced plans to convert the government's massive preferred share stake into common stock.

Harborstone Credit Union provides a much needed service to its senior members in these difficult times.

The Federal Reserve's surprise announcement Wednesday that it would purchase more than $1 trillion in Treasury securities and mortgage bonds in hopes of sparking greater economic activity shows that Chairman Ben Bernanke is working hard to keep his pledge to do whatever it takes to reverse the nation's deep recession. The Fed's rate-setting Federal Open Market Committee ended a two-day meeting ...

The Federal Reserve's surprise announcement Wednesday that it would purchase more than $1 trillion in Treasury securities and mortgage bonds in hopes of sparking greater economic activity shows that Chairman Ben Bernanke is working hard to keep his pledge to do whatever it takes to reverse the nation's deep recession.

BBC News
Oil futures reverse losses to trade higher
MarketWatch
By Polya Lesova NEW YORK (marketwatch) -- Oil futures reversed losses to trade higher Wednesday after the Federal Reserve surprised the markets by deciding to purchase up to $300 billion of longer-term Treasury securities over the next six months. ...
NYMEX-Crude ends up 7 pct on Fed move, weak dollar Reuters
Fed to Pump $1.2 Trillion Into Markets Washington Post
Hope For Fed Relief Falters, Stocks Lose Ground Barron's Blogs
Reuters - MarketWatch
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WASHINGTON - With an estimated 77 million Baby Boomers about to hit their golden years, the reverse-mortgage market is heating up. Not necessarily by the senior set, less than 2 percent of whom have decided to turn the equity in their homes into cash ...

Earthtimes (press release)
New Report Shows That as Economy Weakens the Makeup of Seniors ...
MSNBC
OAKLAND, CA - Golden Gateway Financial, a comprehensive financial resource for seniors and retirees, today released new usage data from its online Reverse Mortgage Calculator that showed more senior citizens are researching reverse mortgages to offset ...
'Reverse mortgages cannot be forced on retirees' Broker News Australia
all 7 news articles

A reverse mortgage is a loan available to homeowners 62 or older. The loan is not due until the house is sold or the participant dies. To keep the property, the loan must be paid back by the owners or their heirs. Heirs unable to pay off the loan at the death of their loved one will forfeit the house to the lender.

Former reverse mortgage loan officer faces fraud charges
Crain's Detroit Business, MI
By Chad Halcom A former senior loan officer at reverse mortgage lender World Alliance Financial Corp. in Troy faces charges of wire fraud and theft of trade secrets, in a federal indictment unsealed Monday at US District Court in Detroit. ...

A former senior loan officer at reverse mortgage lender World Alliance Financial Corp . in Troy faces charges of wire fraud and theft of trade secrets, in a federal indictment unsealed Monday at U.S. District Court in Detroit. Bruce Jarrad, 37, of ...

Golden Gateway Financial, a comprehensive financial resource for seniors and retirees, today released new usage data from its online Reverse Mortgage Calculator that showed more senior citizens are researching reverse mortgages to offset investment losses.

OAKLAND, CA--(Marketwire - March 17, 2009) - Golden Gateway Financial, a comprehensive financial resource for seniors and retirees, today released new usage data from its online Reverse Mortgage Calculator that showed more senior citizens are ...