Leading Rich

Guide to Money, Investing and Personal Finance

Archive for the 'Real Estate' Category

18 Mar

Mid Week Update March 18, 2008 - Bear Sterns Sold for $2, Federal Reserve Largest Mortgage Holder, Fed Reduces Rates

It has been a few days since I updated Leading Rich, but I am sure you have heard the latest and if you missed it, here it is again.
Bear Sterns stock price was nearly $160 per share last year, it was trading at $58 on Thursday March 13 then fell to $30 on Friday March […]

04 Mar

Bernanke Tells Lenders to Write Down Loans

This morning Federal Reserve Chief speaking to a group of Bankers in Orlando Florida.
As reported by Yahoo.com Business News
“This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.
Even with some relief efforts under way by industry and government, foreclosures and late payments on home    […]

29 Feb

Week In Review - February 29, 2008 - Existing Home Sales Slip, Oil Over $100, Stagflation

The week started off with week earnings from Nordstrom, reporting that they are in for a tough 2008, followed by a report by the National Association of Realtors that existing home sales slipped in January 2008. Sales fell .4 percent to 4.89 million units in January 2008, 23.4 percent below January 2007 6.44 million-units. […]

21 Feb

Ralph Roberts’ New Book Offers Self-Defense to Homeowners Facing Foreclosure

Foreclosure Self-Defense For Dummies brings foreclosure information out of the headlines and into the hands of people who need it most.
DETROIT, Feb. 19 /PRNewswire/ — Foreclosure self-defense expert Ralph R. Roberts, GRI, CRS, announced the publication of his new book Foreclosure Self- Defense For Dummies (Wiley, February 2008, 332 pages) today. The book, co- written […]

21 Feb

Bankrate: Mortgage Rates Post Biggest Increase in 14 Years

NEW YORK, Jan. 31 /PRNewswire-FirstCall/ — After the sharpest four-week decline in more than 18 years, mortgage rates bounced back, with the average conforming 30-year fixed mortgage rate now 5.88 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO […]

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