Tag Archive | "Mary Delach Leonard"
Fools gold?
Something that I’ve found myself joking about recently with my friends is that we should be selling off everything that we own that is made out of gold, whether it be gold bullion or some sort of family heirloom. That got me thinking, with gold at record prices is now the time to sell it [...]
Continue reading...Beacon-omics 101: Nationalizing troubled U.S. banks – should we be worried?
Tuesday, February 24, 2009
In this Mary Delach Leonard – of the St. Louis Beacon – explores what it means for the US Government to nationalize the banking system. To read this article click here or on the picture below.
Continue reading...St. Louis Beacon: $75 Billion for the Foreclosure Crisis
Wednesday, February 18, 2009
In this St. Louis Beacon article Mary Delach Leonard gets feedback from local experts about what Obama’s new $75 billion homeowner rescue plan means for Missouri. Click on the picture below to read the full article.
Continue reading...Beacon-omics 101: Is this fair?
Tuesday, February 10, 2009
Click here to read a St. Louis Beacon content on the fairness of the TARP and proposed economic stiumulus package.
Continue reading...St. Louis Beacon: Veteran opens his heart — and his home — to homeless vets
Friday, January 30, 2009
Originally appeared in the St. Louis Beacon Written by: Mary Delach Leonard Posted 2:29 p.m. Mon., Jan. 26 - In Hence Forland's age-battered brick house on Windsor Place, the rules are spelled out for homeless veterans who give up life on the streets of St. Louis for a warm and secure rent-free room under his dry roof. Friendly reminders are posted on the kitchen and bathroom walls: Cover food when using the microwave. When emptying trash from YOUR room, check and empty kitchen trash. Thank you. Do not wash dishes in the bathtub. Forland enforces other rules, as well -- from his simple "respect each other'' to no drugs or weapons, no cooking or smoking in the bedrooms. And everyone chips in on utilities. "Everybody needs some kind of structure and neatness to get back on track in their lives,'' said Forland, 57, who wears a hat that says Desert Storm Veteran and speaks highly of what he learned from Uncle Sam during his own service in the Army. In a sense, Forland is back on active duty, rounding up homeless veterans to live for a time in his three upstairs bedrooms, while they "get back on track."
Continue reading...St. Louis Beacon: How could so many of us have been so wrong?
Thursday, January 29, 2009
Originally appeared in the St. Louis Beacon Written by: Mary Delach Leonard Posted 3:13 p.m. Wed., Jan. 28 – In the grand scheme of the U.S. mortgage meltdown, Stacy Haynes of St. Louis is just one in 2.3 million. That’s the number of U.S. property owners who received foreclosure notices of some type in 2008, according to RealtyTrac.com, [...]
Continue reading...Beacon-omics 101: Reverse Mortgages
Friday, January 16, 2009
Click on the link below to find the St. Louis Beacon’s explanation of reverse mortgages.
Continue reading...St. Louis Beacon: Wanted: First-time homebuyers…
Monday, January 5, 2009
Wanted: First-time homebuyers, willing to turn the market around Written By: Mary Delach Leonard Published in The St. Louis Beacon on January 5, 2009 Opportunity is knocking, say area Realtors who are pinning their hopes on first-time homebuyers willing to take advantage of bargain prices, low-interest mortgages and a temporary federal tax credit. “That first-time buyer really needs to [...]
Continue reading...News from the St. Louis Beacon – Beaconomics 101
Thursday, December 11, 2008
Beacon-omics 101: What are mortgage-backed securities? By Mary Delach Leonard, Beacon staff To construct a global financial meltdown, start with some building blocks called “mortgage-backed securities.” What are they? In a nutshell: A borrower goes to a lender to arrange financing to buy a house. The lender gives the borrower the money but then sells the loan – or [...]
Continue reading...News From the St. Louis Beacon – Effect of Fed's buying $600 billion in mortgages unclear, say local housing experts
Monday, December 1, 2008
By Mary Delach Leonard, St. Louis Beacon staff The real effect of Tuesday’s announcement that the Federal Reserve would buy up to $600 billion in mortgages and mortgage-backed securities is not yet clear for troubled homeowners facing foreclosure, say two local nonprofit housing counselors. “It could be a breakthrough for homeowners. Right now, loans residing in investor-owned [...]
Continue reading...Take Action
Thursday, March 26, 2009
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