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International Forecaster November 2008 (#7) - Gold, Silver, Economy + More

Published November 22, 2008, 11:28 am, GoldSeek.com

The following are some snippets from the most recent issue of the International Forecaster. For the full 31 page issue, please see subscription information below.

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Five Financial Fitness Tips

Published November 22, 2008, 2:46 am, Carteret County News-Times

(ARA) - The economy's recent rollercoaster ride may make you feel like shouting "I want to get off." But while you can no more seize control of the national economy than you can exit a rollercoaster car mid-way through the ride, it is possible to take control of your personal economic situation.

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Crye-Leike Launches Foreclosure Aid Effort

Published November 21, 2008, 10:10 pm, The Memphis Daily News

About a week ago, a woman called Ellis Rankin, an associate broker at Crye-Leike Inc., about one of his advertisements offering help with lease/purcha....

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Downey Savings, PFF Bank seized by federal regulators

Published November 21, 2008, 6:53 pm, Los Angeles Times

The Southern California thrifts are the latest to fail in the mortgage meltdown. U.S. officials say the banks' branches will continue operating as usual under Minneapolis-based U.S. Bank. Federal regulators seized Downey Savings & Loan and PFF Bank & Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking ...

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DIGEST / GMAC files for bank holding status

Published November 21, 2008, 12:39 am, San Francisco Chronicle

GMAC applies to become a bank holding company GMAC Financial Services, the financing arm of General Motors, said Thursday that it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC...

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Justice Department probing Golden West Financial

Published November 20, 2008, 12:50 pm, INO News

(AP:NEW YORK) The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.

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Fitch Downgrades Thornburg's IDR to 'RD' on Defaulted Interest Payment

Published November 20, 2008, 12:07 pm, Business Wire via Yahoo! Finance

NEW YORK----Based on Thornburg Mortgage Inc.'s missed interest payment on its 8% senior notes, Fitch Ratings has downgraded Thornburg's Issuer Default Rating as follows:

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Report: Regulators probing Wachovia

Published November 20, 2008, 9:51 am, INO News

(AP:NEW YORK) The Department of Justice and the Securities and Exchange Commission are investigating the mortgage lending practices of Wachovia Corp., according to media reports Thursday.

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MORTGAGES: Mortgage Rates Drop Again: Freddie Mac

Published November 20, 2008, 9:13 am, Nasdaq

CHICAGO (Dow Jones) -- Mortgage rates fell this week, reflecting continued concerns about a slowing economy, Freddie Mac's chief economist said on Thursday.

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(AFX UK Focus) 2008-11-20 15:54 US 30-year, 15-year mortgage rates fall third straight week

Published November 20, 2008, 8:21 am, Interactive Investor

WASHINGTON, Nov 20 (Reuters) - U.S. 30- and 15-year mortgage rates fell for a third straight week, according to a survey released on Thursday by home funding company Freddie Mac.

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