Mortgage and Financial News From 2007-8-28 Page 9

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• Money Illusion And The Market (Science Daily)

  People often pay more attention to price tags than to real value. Researchers discuss when money illusion can affect markets (eg. the housing market). Standard economics assumes that people base their decisions on real value only and take changes in price tags properly into account. For example, a rational consumer is assumed to base his shopping decisions on "real" prices (e.g., how many hours ...
  2007-08-28 12:08:57

• Declining manufacturing growth

  DAWN Group - Businessmen cite rising interest rates, declining demand, increased labour cost, erratic supply of electricity, high utility prices and poor infrastructure as key factors that might depress LSM growth in FY08. They fear that an anticipated fall in ...
  2007-08-27 12:55:00

• Home Depot in amended HD Supply pact

  Marketwatch - to pay $325 million for a 12.5% interest and for the Atlanta-based home-improvement retailers to guarantee a $1 billion senior secured loan of HD Supply.
  2007-08-28 03:20:00

• Curb the greedy global financiers

  Guardian Unlimited - But now that it has become obvious that the mainly American borrowers have neither the capacity nor intent to repay any of the mortgages in an era of higher interest rates and stagnating house prices, there is justified panic at the wider consequence ...
  2007-08-27 12:55:00

• Dollar smooth sailing on cash calm

  The Australian - The decision by the Bank of Japan to leave interest rates at 0.5 per cent was seen by some analysts as the first sign of a turnaround for the local currency. But NAB's head of market research, Peter Jolly, said the dollar's recovery was more than ...
  2007-08-28 11:03:00

• Divorce judge to pick kids' school

  Detroit News - CD Reviews Casino Guide Michigan's Best Living MichMoms Lifestyle Homestyle Fitness ... said that in the past five years, when judges decide what is in "the best interest of ... comparing districts, Michigan Education Assessment Program scores, graduation rates ...
  2007-08-27 05:16:00

• European stocks up

  DAWN Group - Traders are especially concerned about the future movement of interest rates given fears this month about a credit crunch caused by losses by banks who are exposed to the US subprime home loan sector. The European Central Bank has signalled however ...
  2007-08-28 06:02:00

• A wild, untamed spirit (Calendarlive.com)

  Gustavo Dudamel's youthful zest flows in a DVD. It's a hint of what L.A. can expect when he takes over the Phil.
  2007-08-27 11:52:11

• INDICATORS - Lebanon - Updated Aug 28 (Reuters via Yahoo! Asia News)

  BEIRUT, Aug 28 (Reuters) - Below is a table of the latest Lebanese economic statistics. Figures are provided by the central bank, finance ministry and ratings agencies.
  2007-08-28 11:46:29

• INDICATORS - Lebanon - Updated Aug 28 (Reuters via Yahoo! Singapore News)

  BEIRUT, Aug 28 - Below is a table of the latest Lebanese economic statistics.
  2007-08-28 11:46:29

• Subprime woes could hit Web ad revenue

  CNN Money - The report said embattled mortgage lender Countrywide Financial ( Charts , Fortune 500 ) is one of the top 10 online ... also numbered among the top online advertisers, as do a number of Web sites that help potential home buyers search for mortgage rates ...
  2007-08-28 01:11:00

• Wall Street Loses Steam

  WOAI - The move comes one day after Lehman Brothers said it is shuttering its subprime lender BNC Mortgage, resulting in the termination of 1,200 positions in 23 locations. HSBC Holdings and Accredited Home Lenders have also said they would cut jobs. ...
  2007-08-28 03:13:00

• Subprime Should Be Fine For China Banks: Moody's

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... on the ratings of Chinese banks from the collapse of the U.S. subprime mortgage ... China Construction Bank , the mainland's third-biggest commercial lender after ICBC ...
  2007-08-28 06:02:00

• Everyday Cheapskate: Solution for house-rich and cash-poor seniors

  Albuquerque Tribune - A reverse mortgage enables older homeowners to convert part of the equity in their homes into tax-free income without having to sell the home, give up title or take on a new monthly mortgage payment. Instead of making monthly payments to a lender, as ...
  2007-08-28 01:33:00

• NAB chief John Stewart warns on rates

  News.com.au - Higher funding costs are already affecting these lenders, with each raising their mortgage rates this month more than the official rate increase. Another non-bank lender, Rams Home Loans, earlier this month failed to complete a $6 billion commercial ...
  2007-08-28 03:06:00

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