Consider adding IRA to portfolio Q: I am 50 years old, divorced with a son in college. I have $18,000 in bank savings, a $10,000 CD and $12,000 in my 401 .read more...
Vacant property fees add to mortgage firms' woes (Baltimore Sun) As home foreclosures continue to rise, a growing number of local governments are imposing stiff fees on mortgage companies responsible for the vacant properties.
Why Some Supermansions Are Priced Not to Sell As the real-estate boom ebbs, more large estates are lingering on the market. Our report on who the owners of these homes are and why they aren't in a rush
Fed interest rate hikes good for some consumers WASHINGTON - Feeling the pinch from the Federal Reserve's yearlong campaign to raise interest rates? Chances are you have a home equity line of credit or owe money on your
King remembered by a day of service A day honoring Martin Luther King Jr. is spent in the service of others. Organizers of the AmeriCorps' Day of Service said Monday that it's a "day on, not a
Bernanke outlines steps to protect consumers from abusive mortgage lending (Canadian Business) WASHINGTON (AP) - Federal Reserve chairman Ben Bernanke offered legislators fresh assurances Thursday that regulators are taking steps to help protect would-be homeowners from abusive mortgage practices.read more...
Wall Street finished higher in an uneasy session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles.
The Federal Reserve has been in rate-cutting mode this year and it is expected to lower the federal funds rate once more either this month or at its next regularly scheduled meeting March 18. And the cheaper cost of money is beginning to register in the stock market.
“A number of sectors like retail and housing stocks have done better since the Fed acted, and they are leading the market again today,” said Steve Goldman, chief market strategist at Weeden & Co. “These stocks are called early bellwethers and they tend to lead a recovery.” Read more
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