Types Of Bankruptcy

Mortgage crisis squeezes families' budgets as they struggle to balance survival needs (The Muskegon Chronicle)  In April, Janet Misner was five months behind on her mortgage and just days from foreclosure.read more...


Cash points  BRITISH holiday-makers made 64 million trips abroad in 2004 and spent 30bn - paying millions in transaction costs when they used their "plastic" cards, according to research by leading financial


A Refi Is No Gift, but It Keeps Giving  You may be thinking Christmas, Hanukkah, Kwanzaa and sugarplums, but thousands of your fellow homeowners have been thinking refis, rate reductions, cash-outs and debt consolidations. read more...


Purdue students trade, update tiny spaces  For two days last October, two floors in Purdue University's Shreve Residence Hall morphed into TV studios.read more...


Fees take toll on 403(b) plans  Teachers beware: Your 403(b) plan could be wiping out your retirement savings. Critics say these retirement plans are long overdue for a complete overhaul.read more...


Stocks rise to 2-month highs  U.S. stocks rose on Wednesday to the highest in more than two months after a measure of inflation in a manufacturing report fell sharply, soothing investor worries about faster interest-rate

March 12th, 2007

GMAC Reports Fourth-Quarter Loss at ResCap Mortgage Unit (Bloomberg.com)

March 13 (Bloomberg)—GMAC LLC, the auto lender owned by Cerberus Capital Management LP and General Motors Corp., reported a fourth-quarter loss at its mortgage unit after setting aside more money to cover losses on subprime loans.

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