G.M. sells 78% of GMAC mortgage unit for $1.5 billion (International Herald Tribune) General Motors Corp. said Thursday that it is raising nearly $9 billion in cash by selling a majority interest in its commercial mortgage division and sprucing up the finances of
Quick hits: Mortgage rates (Detroit News) Rates on 30-year mortgages fell for a second straight week last week to the lowest since early January. Mortgage giant Freddie Mac reported that 30-year, fixed-rate mortgages averaged 6.18 percent
Regulators Seize Mortgage Lender (NYTimes.com via Yahoo! Finance) IndyMac Bancorp, one of the country?s largest mortgage lenders, was a star in the subprime era.read more...
Dorm decor When it comes to decorating dorm rooms, Gail Grannum reminds students that every inch counts.read more...
Real Estate Adviser: Keeping home in the family has advantages Are there specific advantages or disadvantages to selling a home to a family member as opposed to a stranger? -- Kathy Dear Kathy, Keeping things all in the family in
CDs, bonds play similar portfolio role Longer-maturity CDs resemble bonds when figuring out asset allocation, says Dr. Don Taylor.read more...
Could you please suggest what to do? My wife and I were laid off two weeks ago. We got severance pay and benefits pay totaling $85,000. We recently bought a townhouse and owe $85,000 to a bank. My wife wants to pay off the mortgage, but I am against it because that would leave us without any money.
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