Hanging tough with Countrywide
Veteran stock picker Ron Muhlenkamp first bought Countrywide shares in 2002 when they were getting crushed - and he’s not ready to sell now.

Veteran stock picker Ron Muhlenkamp first bought Countrywide shares in 2002 when they were getting crushed - and he’s not ready to sell now.
Sure, you order takeout three nights a week, and preparing a burger tests the limits of your culinary know-how. But that doesn’t mean you don’t need and deserve a spacious kitchen. After all, the kitchen has evolved from a room where food is prepared to the hub of a house, where you do everything from eating casual meals to paying the bills and helping Junior with his algebra homework.
When disaster strikes, humans react in different ways, but most will experience anxiety and stress. How one copes with that stress and anxiety differs from person to person.
Homeowners are still bullish on home improvements, but the uncooperative housing market, coupled with hard mortgage money, is making them think twice about getting work completed.
McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.33 percent with an average 0.5 point for the week ending October 25, 2007, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year FRM averaged 6.40 percent.
It’s an unlikely pairing: the nation’s biggest mortgage lender and one of its harshest critics. But with thousands of troubled borrowers facing foreclosure, the two adversaries put aside some of their differences and joined forces.
The latest reading on the state of the battered market for new homes was pretty bad. Experts say it’s even worse than it appears.
The Brossier Co. of Winter Park has purchased the SunTrust Maitland Branch on Orlando Avenue for $3 million.
You need more than the annual percentage rate (APR) to really get to know your mortgage.
The battered markets for real estate and home building still have farther to fall, according to a range of economists who spoke Wednesday at a forecast conference sponsored by the National Association of Home Builders.
Countrywide was praised by some of its harshest critics this week with announcements about new mortgage rescue programs.
Bar mortgage brokers from getting bonuses to sign up borrowers for more costly loans. Force lenders to verify whether consumers are able to repay loans.
Existing home sales sank 8 percent last month, to the lowest pace on record, according to the latest reading on the state of the battered real estate market released Wednesday.
Veteran stock picker Ron Muhlenkamp first bought Countrywide shares in 2002 when they were getting crushed - and he’s not ready to sell now.
Currently my local real estate market is officially a buyers market with more than a 9 months supply of homes. What this means is that out of the 7,814 single family homes, townhouses and condominiums on the market right now, it will take 9 months to sell them all at the rate they have sold in the last 30 days (which was 840 units sold in the last 30 days).
Americans have always had a love affair with the macabre. Maybe it’s a fascination with the grotesque. Or perhaps its simply that heinous events cast a spell over our natural curiosity. Or just maybe people are intrigued with all things celebrity, and just can’t get enough of it.
Don’t let a new identity theft study confuse your approach to warding off the crooks. No matter the source of the pilfering, the fundamentals of ID theft prevention apply.
MW Group has finished the first of two phases in a $250,000 renovation of its Kihei Plaza office building on Maui.
Everyone knows the mortgage market has been very bad for the last few months.
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Bedrooms: 2 Bathrooms: 2
Rent Stabilized New Construction>>TriBeCa>>2BR's from 00
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Agent Details:
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Homestead New York Realty
Phone: 6464960905
New York, Tribeca - Tribeca Grand Lux Tower! Flex 3BR from 00 High Floor Only
Bedrooms: 3 Bathrooms: 2
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Agent Details:
Samuel Soto
Homestead New York Realty
Phone: 6464960905
A long-time benefactor of High Point University has donated $2 million to the school through her estate.
Countrywide Financial, the nation’s largest mortgage lender, announced a program Tuesday to refinance or modify up to $16 billion of its loans due to reset at higher payments through the end of next year.
Texas Attorney General Greg Abbott wants to do something about the looming mortgage crisis which is hitting his state and just about all others.
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