GMAC Nets $8.8 Billion Selling Stake in Mortgage Unit (Update2) (Bloomberg.com) March 23 (Bloomberg) -- General Motors Corp.'s finance unit netted $8.8 billion in cash by selling a bigger stake in a commercial-mortgage unit than originally planned to Kohlberg Kravis Roberts
ClubLink Announces New 6.194% $65 Million 20 Year Fully Amortizing Mortgage and Partial Redemption of Outstanding 6% (Business Wire via Yahoo! Finance) KING CITY, Ontario----Feb. 7, 2006--ClubLink Corporation announced today that it has completed a Canadian $65 million mortgage with Pacific Life Insurance Company. The facility bears interest at 6.194%, is
Fed rate rises expected to continue The Federal Reserve, responding to solid growth in the economy after a brief slowdown early in the year, is expected to keep raising interest rates.read more...
5 questions to ask a home inspector A good inspector can mean big bucks whether you're buying or selling so asking the right questions is critical, says Real Estate Adviser Steve McLinden.read more...
Government May Punish Subprime Lenders The government is preparing to punish some subprime mortgage lenders under investigation for discriminatory practices, the Bush administration's housing secretary said Wednesday.Commentread more...
Lennar 4th-Qtr Profit Increases 53% on Mortgage Rates (Update1) (Bloomberg.com) Dec. 15 (Bloomberg) -- Lennar Corp., the third-largest U.S. homebuilder by stock market value, said fiscal fourth-quarter profit increased 53 percent as people rushed to buy homes before mortgage rates
The mortgage market meltdown has dealt Jim Halbert a double whammy. First he lost his job because of it, and now the former mortgage underwriter for defunct Houston-based Aegis is worried he’s about to lose his home.
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