Freddie loses $151M in 1Q, CEO says mortgage damage is manageable, housing bottom not hit (Canadian Business) Alan Zibel May 14, 2008 - 5:34 p.m. (AP) - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its
Temple-Inland to cut 250 jobs in mortgage unit; AT&T and BellSouth team up on Web directory. (Austin American-Statesman) CONGLOMERATES Temple-Inland to shed jobs along with mortgage business Austin-based Temple-Inland Inc. plans to shed its wholesale mortgage business and concentrate mostly on its consumer lending unit. The company, known
Condo Buyers Take Developers To Court Over Failed Promises Angry consumers are alleging everything from breach of contract to fraud. Some lawsuits claim that amenities featured in glossy marketing brochures and model apartments never made it into the final
GMAC Sells 60 Pct. Stake in Mortgage Unit (San Francisco Chronicle) General Motors Acceptance Corp., the financial services unit of General Motors Corp., said Wednesday it agreed to sell a 60 percent stake in its commercial mortgage subsidiary to a private
Man sentenced in mortgage fraud (Pittsburgh Post-Gazette) A Butler County man will spend 41 months in federal prison for a mortgage fraud scheme that cost lenders $3 million and saw him evade capital gains taxes on $800,000
Lowering your monthly mortgage payment (Bankrate.com via Yahoo! Finance) The mortgage company is right that paying on your principal won't lower payments, Dr. Don says.via
DETROIT ? General Motors Corp., struggling with big losses, slow sales and high labor costs, said Thursday it sold a majority interest in its commercial mortgage division in a deal worth $9 billion that gives its finance arm a boost as it prepares for its own sale.
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