Archive for November, 2008

ECONOMY SOURS BUT RATES HOLD STEADY

Friday, November 21st, 2008

By Richard Russel -- November 21st 2008 --- The drumbeat of bad economic news continues, and grows louder. In other economic periods, this would often be accompanied by sliding fixed mortgage rates, but in the risk-averse and panic-market world of 2008, that is simply not the case. Mortgage rates remain ...

Changes to TARP

Monday, November 17th, 2008

BY RICHARD RUSSELL November 14, 2008 -- A week light on economic data didn’t lack for activity. Stock markets continue to rage about, bond yields continue to bounce around, and our newly-activist government is engaged yet again. This week, Treasury Secretary Paulson all but abandoned the original troubled ...

Mortgage Brokering, an introduction

Friday, November 14th, 2008

BY RICHARD RUSSELL Richard Russell, president of Richland Equity Resources Corp., came To real estate by a series of corporate events that typified the late '80s. A top executive for Burlington Industries in 1980, Russell, after returning to New York from Chicago , moved into a five-story walk-up in ...

Yes, we can!

Wednesday, November 5th, 2008

By Petya Kirkova It’s not every day that we can be part of history in the making. Barack Obama is the first African-American to be elected for president of the United States, and the defining moment shutters all racial barriers that might have remained standing. The American dream ...