When it comes to stopping a foreclosure on a home, the last thing that most homeowners want to resort to is a bankruptcy to stop foreclosure. Most homeowners do not fully understand using bankruptcy to stop foreclosure on their homes. In reality, filing bankruptcy to stop foreclosure can give a homeowner they need to save their home.

A money market deposit account, also known by the acronym “MMDA,” is a type of savings account offered by banks and other financial institutions. Although federally insured, it differs from traditional savings accounts by providing a higher rate of interest. Unlike other types of insured, high-interest accounts, money placed in a money market account is available to the account holder at any time instead of being held for a committed time period.

The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that’s been pumped into the economy during the financial crisis. The Federal Reserve Bank of New York said Monday that investors and others shouldn’t conclude anything about when the central bank will reverse course and start boosting interest rates and removing other supports to fend off inflation. The upcoming operations will involve so-called reverse repurchase agreements

FundQuest has added Fidelity Investments Life Insurance Co.’s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider. FundQuest has two other annuity offerings on its platform, but Fidelity’s annuity costs the least of the three, said Andrew Stavaridis, vice president of national accounts at FundQuest.

In the face of a one-third drop of net income, Raymond James Financial Inc. on Friday reported a steep increase in its loan loss provision as it prepared for rising loan losses at its fast growing banking unit, RJ Bank. Raymond James said it increased its provision in fiscal 2009 for loan losses, legal proceedings, bad debts and other items to $186.4 million, from

Marathon Asset Management LP has completed an initial closing of an investment fund established under the Public-Private Investment Program, the Department of the Treasury announced today. Marathon, which manages about $10 billion, operates hedge funds and real estate funds. The company declined to disclose the value of the fund, but firm spokesman Justin Dini said the firm is still raising money, and there will be two additional closings for the PPIP over the next six months