$60 Billion Refinance Package for GMAC?s Mortgage Lender (NYTimes.com via Yahoo! Finance)
The financing package aimed to improve the liquidity of its struggling subsidiary, mortgage lender Residential Capital.
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Land Sale Possible To Fund Stadium District officials may sell development rights on land near the stadium as a way to help cover cost overruns on the ballpark project, D.C. Council members said. read more...
What to Expect in the 2007 Housing Market Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery is likely this year, according to the latest forecast
Summer revival in mortgage lending stretches on (The Scotsman: Business) MORTGAGE lending remained robust last month as the housing market's summer resurgence showed little sign of cooling, figures showed yesterday.read more...
Picketers want construction jobs to stay in state Members of the Hartford/New Britain Building and Construction Trade Union were outside the Hartford Marriott Rocky Hill hotel along West Street protesting the employment practices of WFSB Channel 3. "They
Fukui Says U.S. Subprime-Mortgage Concern Remains (Update2) (Bloomberg.com) Oct. 18 (Bloomberg) -- Bank of Japan Governor Toshihiko Fukui said problems stemming from the U.S. subprime-mortgage crisis persist and have increased financial market ``uncertainty.''read more...