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Assessing the "Obama Economy"

Wall Street Journal Marketwatch columnist Brett Arends assessed the progress of U.S. economy under the Obama administration by comparing data from the third quarter of 2008 — just before Obama’s election — with the third quarter of 2016.The Obama Economy Third-quarter 2008 Third-quarter 2016 Verdict Gross domestic product (2009 dollars) $14.892 trillion $16.713 trillion Up…

Reverse Mortgage Lenders Fined for Deceptive Advertising

“American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending. Collectively, the bureau ordered the three reverse mortgage lenders to pay a civil penalty of $790,000.”A reverse mortgage allows homeowners 62 and older to…