How a formula ignited a market that burned investors When a credit agency downgraded General Motors Corp.'s debt in May, the automaker's securities sank.read more...
Fitch Places GMAC Mortgage Corp.'s Servicer Ratings on Watch Evolving (Business Wire via Yahoo! Finance) NEW YORK & HONG KONG----Dec. 2, 2005--Ratings places GMAC Mortgage Corp.'s 'RPS1' residential primary servicer ratings for prime, Alt-A, subprime, high loan-to-value , and home equity/home equity lines of
Owning your home instead of renting "People don't always consider that the first five years of (mortgage) payout are going into interest." Most young adults have heard this advice: "You ought to buy a house."
Bankruptcies 'soar' among young The number of young people going bankrupt has risen sharply in the past two years, according to new figures, as personal debt levels have mounted.via
Existing-Home Sales Hit Record NAR' s latest report on total existing-home sales shows that the national seasonally adjusted annual rate was 7.22 million units in the second quarter, up 4.6 percent from the previous
Thornburg Mortgage to Pay a Dividend, Replaces CEO (Update2) (Bloomberg.com) Dec. 18 (Bloomberg) -- Thornburg Mortgage Inc., the lender that emerged from a cash shortage earlier this year, rose 6.4 percent in New York trading after resuming its dividend. Founder
The booming housing market could tumble and record home prices could fall if Congress fails to control the burgeoning budget deficit and prompts a large rise in interest rates, Federal Reserve Chairman Alan …
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