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Rents Rise as Apartment Market Is Squeezed  The apartment market in the Washington area has become one of the tightest in the country, and rents are rising briskly as some affluent residents decide to rent rather than


Bank One officially joins Chase  Results of a $58 billion merger finalized in July 2004 were finally evident Monday in Greater Lafayette when six Bank One locations officially changed to Chase.read more...


A family's prayer has been answered  When David Cockrell died of a heart attack at age 39 last year, he left behind a wife, five children and a four-bedroom, three-bath Henderson home he had just begun


McCormick Pleads Guilty to Larceny  John McCormick of Center Moriches, the son of former Assistant School Superintendent Pamela Gluckin, became the sixth of six major defendants to plead guilty in connection with the embezzlement of


Times are changing: Rejoice in bold decor  One of the most appealing aspects of decorating your home is that it can take you anywhere you want to go.read more...


State slaps mortgage firms with fraud suits (Chicago Tribune)  Calling mortgage fraud "a cancer that is eating away at our neighborhoods," Illinois Atty. Gen. Lisa Madigan today announced two lawsuits against companies that allegedly defrauded homeowners. read more...

April 30th, 2008

GMAC to Pay Record Yield on Australia Mortgage Bonds (Update1) (Bloomberg.com)

May 1 (Bloomberg)—GMAC LLC , the U.S. auto and home-loan lender controlled by Cerberus Capital Management LP, is offering a record-high yield margin for the Australian market to sell mortgage-backed bonds, three people familiar with the deal said.

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