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Savings Rate Falls Near Zero  Alarmed by the astounding decline in personal savings, leaders of both major parties in Congress are proposing tax breaks and other incentives to entice American workers to set aside more


Mortgage Delinquencies a Rising Threat (Washington Post)  WASHINGTON -- Mortgage delinquency and foreclosure rates are on the rise, and the impact could be greatest on low-income families that took out higher-interest loans for risky borrowers, some experts


Do-It-Yourself DVD  What weighs a few grams, fits snugly in your palm and works with any hand or power tool you use? It's Fine Homebuilding magazine's second edition "Best of" DVD for


Feds urge lenders to give more time on mortgages (Reg Req'd)  Federal bank regulators on Wednesday urged lenders to give thousands of homeowners along the hurricane-ravaged Gulf Coast more time before requiring them to resume making mortgage payments.read more...


Complaints by consumers and bankers prompt hard look at mortgage telemarketing (The Times of Northwest Indiana)  BOSTON | As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she


Calling 211 is first step toward stopping shady solicitations  This fraud will cost Americans billions of dollars under the guise of health care aids, charities, lotteries, sweepstakes, government grants and contractors offering home improvement deals.read more...

July 27th, 2005

GMAC expects to beat earnings estimate

General Motors Corp.’s finance arm said Wednesday it expects to beat its previous estimate of $2.5 billion in net income this year despite lower profits from its auto financing business and other challenges.

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