Types Of Bankruptcy

Suburbs, A Dream Too Real To Live?  read more...


Economy  Breaking down barriers to financial services transactions between the U.S. and EU members would provide a needed lift for the European Union economy, U.S. Treasury Secretary John Snow said Tuesday.via


Grant to help Md. county fight mortgage fraud (AP via Yahoo! Finance)   Prince George's County has received a grant from Maryland to help homeowners fight an increasing number of mortgage fraud cases.read more...


Study finds real estate markets overvalued  National City Corp.'s latest quarterly study says that 38 percent of the top 299 metro housing markets "are extremely overvalued and at risk for a price correction." At the top


30-year mortgage rates reach a 3-month high (San Francisco Chronicle)  Rates on 30-year mortgages edged up last week to the highest level since March as investors worried about inflation threats. The mortgage company Freddie Mac reported Thursday that 30-year fixed-rate


Worth reading: Thousands of convicted criminals got mortgage jobs in Florida (USA Today)  More than half of Florida's registered "mortgage professionals" went into business without a license, according to The Miami Herald. The paper, which notes that regulators refused to change the rules

June 2nd, 2008

GMAC mortgage lender says it needs more liquidity (Detroit Free Press)

NEW YORK ? Residential Capital LLC, the mortgage lending unit of GMAC LLC, said today it needs more than three times more cash to stay in business than it estimated just weeks ago.

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