Mortgage and Financial News From 2007-12-12 Page 6

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  • Dejour Updates Peace River Arch/ Piceance Drilling and Completion ...

    MSN MoneyCentral - Wembley, where Dejour has 100% interest in 1280 acres to test two zones. Total ... Current price is approximately US$7.35 per mmBTU). Early in January, Dejour ... wells tested gas last March and are expected to produce at collective rates in ...
    2007-12-12 03:30:00

  • Honest Economic Promises Needed

    Donga.com - ... including former Prime Minister Nam Deok-u, expressed their concern in a statement early this week, saying, “South Korea is facing four-pronged economic difficulties of low growth, high prices, high interest rates, and a worsening current account ...
    2007-12-12 10:08:00

  • The Impending Destruction of the U.S. Economy: Part 2

    Motley Fool - In part 1 , we took a look at the causes of the current tug-of-war between forces that will fight over lower and higher interest rates in the coming days of our American economy. To recap, here's our problem: Americans spend much, much more than they ...
    2007-12-12 11:55:00

  • SBI cuts deposit rates again

    Business Standard - The cost of deposits has increased to 5.48 per cent from 4.51 per cent due to higher term deposits mobilisation and higher interest rates. The share of low-cost depoists (current account and savings accounts) fell to 39.45 per cent by the end of ...
    2007-12-12 10:29:00

  • Break Out Of Annuity Prison

    Forbes - The price you receive depends on the total amount yet to be paid out, the time over which that payout will be made, current prevailing interest rates and the insurer's financial strength. Here are three different scenarios to help explain the ...
    2007-12-12 10:08:00

  • SBI cuts deposit rates by 0.25%

    Times of India - ... Bank of India on Wednesday announced a quarter per cent cut in deposit rates on ... The 15-45 days term deposits will now attract 4.75% interest as compared to 5 ... of the bank is expected to hit the market during the fourth quarter of the current ...
    2007-12-12 11:48:00

  • Shopping binge predicted before interest rate rise

    News.com.au - CONSUMERS are likely to embark on one last shopping binge over the Christmas period before higher interest rates curb a lust for ... How long can you sustain your current standard of liviving if your main source of income (your job) dried up?". I must ...
    2007-12-12 04:56:00

  • Energy, other agricultural futures jump on supply concerns; gold ...

    CNBC - ... up from an earlier estimate of 1 billion bushels _ but many analysts believe that estimate is far too low, given the current ... the dollar came under renewed pressure following the Federal Reserve's decision Tuesday to lower its benchmark interest rate ...
    2007-12-12 02:04:00

  • Yen Rises; Subprime Losses Spur Investors to Exit Carry Trades

    Bloomberg - Dec. 13 (Bloomberg) -- The yen rose against the dollar, rebounding from a one-month low, as U.S. banks said subprime- mortgage ... of foreign exchange in Tokyo at Trust & Custody Services Bank Ltd., a unit of Japan's second-largest publicly traded lender ...
    2007-12-11 03:53:00

  • Online video helps troubled borrowers spot fraud

    Reuters - You sign, thinking you are saving your home but you are really giving the con artist the deed to your house ... Rather than accept unsolicited offers of help, troubled borrowers should contact their mortgage servicer or lender directly, Freddie Mac ...
    2007-12-12 03:44:00

  • U.S. Stock Futures Rise; Washington Mutual, Citigroup Climb

    Bloomberg - Wells Fargo, the second-largest U.S. mortgage lender, gained 23 cents to $31. Citigroup, the largest U.S. bank, advanced 31 cents to $33.54. Each of Citigroup's businesses will be scrutinized ``objectively and dispassionately,'' Pandit ...
    2007-12-12 05:22:00

  • Northern Rock: And Then There Were Two

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Wednesday after reports that American private-equity firm Cerberus has dropped out of the running to acquire the mortgage lender.
    2007-12-12 09:32:00

  • Economists: More foreclosures and fall in home prices and sales ...

    International Herald Tribune - Everyone agrees that the rapid rise in home prices led to increase in spending relative to incomes," said Thomas Lawler, a former official at mortgage lender Fannie Mae who is now a private housing and finance consultant. "The question is what will ...
    2007-12-12 06:15:00

  • • Are You Ready To Buy A New Home? (Turks.US)

    All of us, perhaps, dream of owning our own home someday, and despite the travails of the current mortgage sector, most still long to have a home of their own, and would gladly plump our life savings and salaries on getting the best mortgage offer possible.
    2007-12-12 05:05:54

  • Federal Reserve cuts interest rate again

    WTHR - If they lower interest rates, it also ... always causes higher interest rates," Professor Will said. Smith says investors probably don't need to change their portfolios because of Tuesday's market events. He did say seniors who have their money in CD's ...
    2007-12-10 03:54:00

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