ResCap says needs it needs $2B to remain liquid
NEW YORK - Residential Capital LLC, the mortgage lending unit of GMAC LLC, said Tuesday it needs more than three times more cash to stay in business than it estimated just weeks ago.
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KB Home: Housing Market Slump to Last "Our third-quarter results reflect the seriously challenging market conditions that prevail for homebuilders across most of the nation" A new KB Home development is seen in Los Angeles, Wednesday,
Mortgage rates plunge this week (Bankrate.com via Yahoo! Finance) The 30-year fixed-rate mortgage fell 33 basis points, to 6.44 percent, according to the Bankrate.com weekly survey.read more...
On the move: Bee names Chavez to online news post (Reg Req'd) Get weekday updates of Sacramento Bee headlines and breaking news. Sign up here.read more...
Rebuilding Smartly Due to the destructive damage of the tornadoes, winds, and rain, property owners will want to make repairs to their home or business as quickly as possible.read more...
Mortgage ranges still shrinking (BBC News) The number of mortgage deals continues to shrink as lenders ration their home loans in favour of people who can put down larger deposits.read more...
Foreclosures In California On The Rise The number of California homeowners having difficulty paying their mortgage is going up.read more...
June 4th, 2008
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