Mortgage company agrees to pay back wages - 2005-03-15
Tri-State Mortgage Inc., a mortgage broker located in Evansville, has paid $67,062 in minimum wages and overtime back wages to 60 workers following an investigation by the U.S. Department of Labor, federal officials said Tuesday.

Labor officials said the investigation concluded that the mortgage company's loan originators were compensated in commissions that did not meet federal minimum wage standards in many weeks.
Read the full story at Evansville Courier & Press

Reverse mortgage proves expensive - 2005-03-15
A war veteran and his wife were among the early group of Canadians to hop on board for a reverse mortgage, a decision their children only learned about recently.

John and Jane (not their real names) got what they were promised back in the summer of 1990: an additional $953 a month of tax-free income.

But interest on their loan has been accumulating at a frightful rate of 13.7 per cent a year. For the sake of $172,000 of spending money over 15 years, they now owe nearly $840,000.
Read the full story at Toronto Star