Reverse remittances: Mexicans are starting to send money to unemployed relatives in the U.S. (via The Latin Americanist)

The recession continues to slow remittances from the U.S. to México. (via Foreign Policy)

The amount of money Latino immigrants in the U.S. send back home is expected to drop by seven billion dollars this year. An estimated four million people in Latin America will receive less money compared to 2008.

Remittances to México from the U.S. dropped last year for the first time in 13 years.

Officials for Banamex estimate that remittances to México will drop for the second year in a row. Last year, Mexicans in the U.S. sent $23.5 billion south of the border.

Miami police arrested two workers from Isla Express wire service who allegedly stole nearly $190,000 from 500 customers who thought they were sending money to relatives in Cuba.

U.S. Mexicans are sending even less money home. Remittances to México suffered their biggest decrease on record last month, according to Mexico's central bank. The U.S. is expected to post record-breaking unemployment figures in two days.

México's central bank says immigrants are sending less money to relatives this year, citing a two percent drop in the first six months of this year. Previously: Remittances down.

Less Latino immigrants are sending money to their home countries. Only half of an estimated 19 million Latino immigrants in the U.S. have sent money to relatives this year, compared with 73 percent two years ago, according to a survey released by the Inter-American Development Bank.

Remittances from the U.S. to Mexico ($24 billion) remained steady, increasing by only one percent in 2007. Two years ago, remittances grew by 17 percent.