GMAC Applies For Bank-Holding Status [to get bailout money] The cash-strapped financier, 49%-owned by General Motors Corp. , also announced offers to exchange $38 billion in notes from GMAC and its Residential Capital home-lending business for new securities with
'Homes & Loans' Answers Callers' Questions read more...
Record Label Hopes to Sell Phone Service to Music Fans A major record label, the Universal Music Group, said on Friday that it had entered into a strategic alliance to sell a music-oriented cellphone service.read more...
Wachovia closes its subprime mortgage lender (The Charlotte Observer) Wachovia Corp. has closed a subprime mortgage lending unit it inherited in its 2004 SouthTrust Corp. acquisition, the lender reported on its Web site.The Charlotte bank is closing EquiBanc Mortgage
Average 30-Yr Mortgage At 15-Month-High (Fox News) Average fixed mortgage rates continue to hover at their highest levels in more than year, with the 30-year this week hitting 6.15%, Freddie Mac's (FRE) latest survey showed Thursday.read more...
Mass. auditor: More resources needed to oversee mortgage lenders (Boston Globe) Massachusetts Auditor Joe DeNucci says the state needs more resources to strengthen oversight of mortgage lenders amid spiking home foreclosures.read more...
Associated Press HSBC Appoints Bank of Communications VP 04.22.2005, 03:31 AM HSBC Holdings PLC said Friday it has appointed the head of its China business to be vice president of the Bank of Communications, ...
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