U.S. mortgage woes hit GMAC (The Globe and Mail) NEW YORK ? GMAC Financial Services on Tuesday reported a loss during the fourth quarter as homeowners struggled to keep up with mortgage payments. GMAC Financial Services lost $724-million (U.S.)
Another spurt in mortgage rates (Bankrate.com) Pick your poison -- oil prices that drop a bit and then lurch ahead or the federal government sounding like it's going to throw money at storm-ravaged states,surging prices for
Inside Real Estate Selling a home is a tough new game. As the market slows, sellers are fighting over fewer buyers.read more...
Mortgage complaints set to break record (The Scotsman: Business) THE chief consumer watchdog, the Financial Ombudsman Service, expects a record flood of complaints this year ahead of the final endowment deadline for millions of mortgage borrowers.read more...
Michelle Singletary: Back-to-basics theme anchors program for mortgage assistance (The Indianapolis Star) The Neighborhood Assistance Corporation of America is doing something that should have been done a long time ago. The nonprofit advocacy organization is in the second day of a free
Mortgage applications fall -MBA (Reuters via Yahoo! News) Applications for U.S. home mortgages fell for the second consecutive week despite a steady decline in mortgage interest rates in August, an industry group's figures showed on Wednesday.read more...
Calling mortgage fraud “a cancer that is eating away at our neighborhoods,” Illinois Atty. Gen. Lisa Madigan today announced two lawsuits against companies that allegedly defrauded homeowners.
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