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Peak Oil, Cars, and Depressions - Seekingalpha.comAs the global economy heads into terra incognita and the stock market tries to prove it has seen the worst my thoughts, for whatever they are worth, are: 1. Some economic observers such as John Thane , the CEO of Merrill Lynch, and JC Penney’s CEO ...
Countrywide to pay $10M for bad loans - Detroit NewsMore than $9.8 million will be paid to assist Michigan homeowners who have lost their homes to foreclosure and nearly 10,000 residents will be able to refinance their mortgages at lower rates under a nationwide settlement between Countrywide ...
GM seeks deal for RenCen - Detroit NewsGeneral Motors Corp. wants to borrow about $500 million from one or both of Detroit's pension funds to refinance the Renaissance Center, the automaker's iconic world headquarters, in a move that could pump cash into the financially strapped company's ...
Weaver Auto furloughs 22 workers - UnionWeaver Truck and Auto Center has furloughed 22 workers, and its GMAC-bankrolled vehicles are being removed from the lot Friday as expected. But owner Tom Weaver said he still is negotiating to line up financing or fill his lot with other cars to ...
County considers helping homeowners avoid foreclosure - Herald TribuneAs the federal government looks to buy up foreclosed homes, Sarasota County leaders are hoping to avoid many foreclosures altogether with a unique new program to help struggling homeowners. County administrator Jim Ley laid out an aggressive ...
Credit crunch: Loans available, but down payments may rise - Fayetteville ObserverA: You may need a down payment — or you may not. Loans covering 100 percent of a home purchase are still available to some buyers, said Janiece Brewer, owner of Liberty Point Mortgage. For example, the VA still provides such loans to qualified ...
Keep bailing . . . - Meganmcardle.theatlantic.comFelix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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