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Financial Elite  
Financial Elite is defined as the wealthiest members of society. The purpose of this blog is discuss and examine how one fits this description. We will look at the economy, the stock market, and finances while giving money saving and making tips.

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How to Keep Your Spending Under Control During the Holidays

Dec 24, 2009
With the holidays come endless to do lists, a non-stop shopping frenzy, and not enough time to stop and enjoy the cheer. A little technology can go a long way to help stay in control and organized, save time and reduce stress. Omar Wasow is a frequent...

New Home Sales Foreclose In November

Dec 23, 2009
Well, yesterday we reported that existing homes sales were up causing the stock market to rise, but today there was a different story for new home sales. Unexpectedly, new home sales fell like a rock in November according to a disappointing government...

Stock Prices Higher on Home Sales, But Prices Have Further to Fall.

Dec 23, 2009
Stocks rose Tuesday after an industry group said sales of existing homes rose more than expected in November. The advance comes despite government data that showed U.S. economic activity was weaker than expected in the third quarter. Sales of existing...

Duh, Lower Mortgage Payments Means Fewer Re-defaults

Dec 22, 2009
It's only common sense that troubled homeowners who have their loan payments reduced with a modification are less likely to re-default. According to a banking regulators' report released Monday, only 18.7% of borrowers who had their loans modified in...

Some Homeowners Are Lucking Out With 2% Mortgage Modifications.

Dec 22, 2009
CnnMoney.com reported some lucky homeowners are getting loan modifications with 2% interest rates. According to the latest figures available from Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision, nearly 80% of all...


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