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Flagstar Reports 2010 Second Quarter Results

Flagstar Bancorp, Inc. , the holding company for Flagstar Bank FSB, today reported a second quarter 2010 net loss applicable to common stockholders of $ million, or $ per share based on average shares outstanding of 153,298,000, as compared to a net loss of $ million, or $ per share based on average shares outstanding of 77,699,000 for the first quarter 2010. Â Â

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Senior Scene

The Heritage of the Americas Museum is a designated Cool Zone and offers free admission to seniors 10 a.m. to 4 p.m. Tuesdays through Fridays, and noon to 4 p.m. Saturdays.

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Should I apply for a reverse mortgage?

A reverse mortgage can help seniors boost or stabilize their income during retirement.

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Wells, Bank of America Go 'Reverse' Route

Wells Fargo, Bank of America and other large companies dominate the reverse-mortgage market.

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Economic collapse: Don't blame the free market

A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.

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