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Feds taking action against reverse mortgage lender (AP)

AP - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.

Md. man sentenced to prison for mortgage fraud (AP)

AP - An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.

U.S. consumer sentiment dips in Oct: survey (Reuters)

Reuters - U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.

Rates on 30-year loans rise to 5.03 percent (AP)

AP - Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase.

UK mortgage approvals up 6 pct in September (AP)

AP - Mortgage approvals in the U.K. rose 6 percent in September as the country's battered housing market improved, but cautious consumers paid off debt faster than they borrowed, the Bank of England said Thursday.

Half of workers changing jobs cash out 401k (AP)

AP - Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.

Silver State Helicopters student debt case settled (AP)

AP - Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008.

Ask Jennifer:

(NECN) - Being your own boss can be both rewarding and a challenge, especially when it comes to arranging your own finances. Retirement planning ...

U.S. judge appoints trustee to run Thornburg Mortgage (Reuters)

Reuters - A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture.

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