Mortgage News

GM loses $1.2B with GMACDetNews.com, MI - 8 In September, GMAC said it was cutting 5000 jobs at ResCap, its mortgage lending subsidiary, or 60 percent of the staff, and closing all 200 GMAC Mortgage … Read in full at GM loses $1.2B with GMAC – DetNews.com

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Lenders Tiptoe Into Bulk SalesWall Street Journal Blogs, NY  - 1 hour ago Wells Fargo, the nation's second-largest home mortgage lender, expects to keep selling most of the homes one by one through local agents. … Read in full at Lenders Tiptoe Into Bulk Sales – Wall Street Journal Blogs

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How to rent out your propertyguardian.co.uk, UK - 10 You need to get your mortgage lenders consent to let your property – failure to do so could put you in breach of the terms and conditions of your home loan. … Read in full at How to rent out your property – guardian.co.uk

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Grubb & Ellis Company Reports Second Quarter and First-Half 2008 … PR Newswire (press release), NY - 11 … net * 274901 274791 Total assets 869179 975732 Line of credit 63000 8000 Mortgage loans secured by real estate held for investment 227500 257500 Total … Read in full at Grubb & Ellis Company Reports Second Quarter and [...]

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Down under's market on the upThe Move Channel, UK - 2 Ms Nielsen said interest from expatriates was expected to escalate in response to home mortgage rate cuts in Australia and the Federal Government's £4 … Read in full at Down under's market on the up – The Move Channel

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Mortgage Lender Residential Finance Corp. Announces Latest PromotionsInternational Business Times, NY - 10 Residential Finance Corporation (RFC) is the nation's premier home mortgage company specializing in refinance. Founded in 1997 and now serving 26 states, … Read in full at Mortgage Lender Residential Finance Corp. Announces Latest Promotions – International Business Times

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5 mistakes you don’t want to make in a bad economyABC15.com (KNXV-TV), AZ - 7 The fifth mistake is obtaining a reverse mortgage without knowing all the facts. A reverse mortgage means you basically get paid monthly for giving up your … Read in full at 5 mistakes you don’t want to make in a bad economy [...]

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Leading role for Lockhart at WL Ross Financial Times In his new role, Mr Lockhart will help grow WL Ross' financial services investments, which include funds that own American Home Mortgage Servicing as well … Read in full at Leading role for Lockhart at WL Ross – Financial Times

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It's tough, but still possible, to refinanceSeattle Post Intelligencer - 10 … to lower your loan amount, so your LTV will fall within the guidelines, says Jim Linnane, senior vice president of Wells Fargo Home Mortgage in Chicago. … Read in full at It's tough, but still possible, to refinance – Seattle Post Intelligencer

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Citigroup, US senators in mortgage legislation talks: reportReuters - 5 The negotiations reflect Citigroup's desire to "get out in front" of the growing US mortgage foreclosure problem and show Democrats it was willing to be … Read in full at Citigroup, US senators in mortgage legislation talks: report – Reuters

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