ResCap's Needs Jump to $2 Billion GMAC and Cerberus are scrambling to keep ResCap afloat after the ailing mortgage lender discovered it will need to raise $1.4 billion more than expected in just four weeks to
Baby-Boomer Apartment Investors Sell Despite Trend in Rising Rents Maintenance hassles are leading some homeowners to unload these properties as they get closer to retirement. Many are looking for alternate, less intensive investments.read more...
Fitch Rates NovaStar Mortgage Funding Trust $1.79B Series 2005-2 (Business Wire via Yahoo! Finance) NovaStar Mortgage Funding Trust's $1.79 billion mortgage pass-through certificates, series 2005-2 which closed on May 27, 2005, are rated by Fitch Ratings as follows:via
Mortgage bankers may face hard times (Honolulu Advertiser) ORLANDO, Fla. ? The last four years likely will be remembered as a gilded age for anyone in real estate, especially mortgage bankers. But with interest rates rising, the industry
Newburg Neighborhood Revitalized with Rehabbed Homes, New Homeowners Welch won the home at 5013 Yew Lane in a drawing at last year's Greater Louisville Home Ownership Expo.read more...
GMAC warns on mortgage business (BBC News) GMAC Financial Services reports an increased third-quarter loss and warns its mortgage business Rescap may struggle to survive.read more...
Dear John: We have our mortgage with a credit union. Every month our payment goes into an escrow account. Can I cancel the escrow account at any time without paying a penalty? M.B. Dear M.B.: You might be confused. Your entire payment is…
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