Today’s Business
Detroit . General Motors Corp.’s sales soared 41 percent in June to its highest monthly total in nearly 19 years thanks to a heavily promoted discount that allowed customers to buy cars and trucks at the …
via
Analysts worry that mortgage woes could spread to auto loans (Market Watch) DETROIT (AP) -- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note
MORTGAGES AND MORE: You need to be a smart consumer to avoid mortgage meltdown (Asheville Citizen-Times) There is plenty of blame that can be assigned for the mortgage crisis in subprime lending.read more...
City grapples with Beltline housing prices (Reg Req'd) One of the big dreams associated with Atlanta's proposed Beltline redevelopment project is the construction of homes that people who earn the wages of shop clerks and police officers can
Mortgage firm sues former Air India bomb suspect (The Globe and Mail) Vancouver ? A mortgage company is taking one of the men acquitted of the Air India bombing to court, asking the court to foreclose on two properties owned by Ripudaman
Czar named Mortgage Finance Authority executive director (KOB-TV Albuquerque) ALBUQUERQUE (AP) - The New Mexico Mortgage Finance Authority has named Jay Czar as its new executive director. Czar replaces Katherine Miller, who was named state finance and administration secretary
Lennar sees quarterly loss Lennar Corp., one of the nation's biggest home builders, said Tuesday it expects its first quarterly loss in at least a decade, more proof that the nation's housing slump continues.Commentread