Bernanke recouped personal losses in 2009 (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.

New Sin Stocks to Avoid (The Motley Fool)

The Motley Fool - "Value investing" or "growth investing" are easy to define. But socially responsible investing, which shuns sinful stocks, can be a more slippery concept. After all, what you call a "sin stock" may seem just fine to another investor. To keep pace with changing times, we'd like to suggest another kind of stock that socially responsible investors might want to snub.

Cuomo widens insurer probe with 6 more subpoenas (Reuters)

Reuters - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.

Reverse Mortgages Aren’t Catching On (U.S. News & World Report)

U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.

Fannie Mae portfolio grows, delinquencies decline (Reuters)

Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.

NY AG announces probe of life insurance industry (AP)

AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.

MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters)

Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.

Florida mortgage firm settles federal charges (AP)

AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.

PMI Group narrows loss, but shares tumble (AP)

AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent.

Congress to try to recoup Fannie, Freddie costs (AP)

AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.

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