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Minister slams banks over loan surge Junior minister with responsibility for housing, Noel Ahern, has criticised banks for paying out E8bn in home loans during the first three months of this year and said they bear
Skilling: Enron's Last Man Standing read more...
30-year mortgage rates dip (Provo Daily Herald) WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs
America Supports You: Official Donates Salary to Help Wounded Civil servant Ronald A. Rosenfeld demonstrated his heartfelt commitment to helping wounded troops in dramatic fashion -- he donated $150,000, the equivalent of his annual salary, to the Walter Reed
Housing starts rise Summertime, and real estate's booming. Canadian housing starts rose 0.4 per cent to their highest level this year in July, a report showed Tuesday, confounding economists' expectations for a decline.read
“But we’ll all have to stay tuned.”
General Motors Corp.’s top finance executive said Sunday he doesn’t see the subprime mortgage mess spreading into auto loans at the company’s former credit arm, GMAC financial services.
Chief Financial Officer Fritz Henderson said that although GMAC auto loan delinquencies were up slightly in the third quarter compared with the same time in 2006, the problems are nowhere near the troubles due to real estate loans made to people with less-than-stellar credit.
GMAC’s auto loan delinquencies rose from 2.4 percent in the third quarter of 2006 to 2.6 percent in the same period of 2007, Henderson said. Read more
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