GMAC to Shrink ResCap Business GMAC and its ResCap unit plan to close all 200 GMAC Mortgage retail offices and cut 5,000 jobs, in a plan that could lead to savings of $1 billion.read more...
US Government takes over mortgage giants (AP via Yahoo! News) The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit
Renting a house in Bali Moving to Bali and renting a house is quite easy and often affordable. Here are some of the things you might want to think about if you are planning
Mortgage applications off 1.5% on week-to-week basis: MBA (Market Watch) Fewer applicants seek mortgages, with the volume of applications filed last week down a seasonally adjusted 1.5% compared with the last week of July, the Mortgage Bankers Association says. Applications
McCain: Taking On the Mortgage Giants? (New York Times) Senator John McCain is correct: He warned two years ago that Congress should rein in Fannie Mae and Freddie Mac , the giant mortgage finance companies, before their financial risk-taking
The Sun Chronicle Newspaper To stage or not to stage? That is a question more and more homeowners from this area are finding themselves considering as they sell their homes.via
PRODUCTION DECLINE: Town houses stand along Gilman Road in El Monte. According to a study released Thursday, home building will level off this year as developers scale back production in an effort to burn off …
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