GMAC to cut 5,000 jobs at ResCap mortgage unit (Reuters via Yahoo! News) GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to
The British Are Coming Forward P/E before announcement: 25.9 Forward P/E after announcement: 32.9 THESE STOCKHOLDERS HAD half a billion reasons to celebrate on Friday.read more...
Group: Mortgage Lending to Fall in 2006 (AP via Yahoo! News) Mortgage lending in the United States is expected to drop 18.7 percent in 2006 as borrowing costs rise, cutting into the demand for housing and mortgage refinancings that helped
Demolition company fined following fatal craneway collapse OSHA says a Lynnfield, Mass., demolition company's failure to properly secure an unstable steel craneway led to January's fatal collapse at the former Fore River shipyard in Braintree, Mass., and
Record mortgage lending in 2007 (BBC News) Last year saw the strongest gross mortgage lending to date, but the market is weakening, figures show.read more...
Residential loan would be cheaper than commercial mortgage Q: How should I get a loan to purchase a piece of residential property for business use? The house is next to my home.read more...
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