Mortgage News from Around the World
Editorial: Skeptical eyes on reverse mortgagesMinneapolis Star Tribune, MN - 2 You obtain a $300000 reverse mortgage , which pays off your existing loan and...
Cerberus tightens grip on GMAC mortgage unitFinancial News, UK - 8 Private equity firm Cerberus Capital Management has increased its direct involvement in GMAC Financial...
CIBC Makes Deal with Cerberus on US RMBS, CDO HoldingsHousing Wire - 24 Cerberus is already heavily invested into the US mortgage market, owning...
GMAC shift reduces control for GM, CerberusThe Associated Press - 2 The Fed's move making government aid possible for one of the nation's biggest...
GMAC, Cerberus Accord With FDIC Provides $3 Billion (Update2)Bloomberg - 2 Residential Capital LLC, GMAC's mortgage unit, lost $5.3 billion during the past six...
Cerberus Struggles to Repeat Success Amid Chrysler, GMAC LossesBloomberg - 8 Residential Capital LLC, GMAC's mortgage unit, lost $5.3 billion during the past six...
Analysts: GM would need cash to acquire ChryslerSacramento Bee, USA - 2 Cerberus bought 51 percent of GM's former financial arm for $14 billion...
Analysts: GM would need cash to acquire ChryslerThe Associated Press - 3 Cerberus bought 51 percent of GM's former financial arm for $14...
Congress members skeptical of bailoutThe Daily Advance, NC - 11 ... Three automakers as they were the $700 billion the federal government is now...
Analysts say new Bradford & Bingley deal with GMAC changes nothingCityWire.co.uk, UK - 11 ... from specialist lender GMAC RFC, saving £1 billion, but...
GMAC Will Change the Name of Its BankWall Street Journal GMAC's mortgage unit, Residential Capital LLC, was also separated from GM, becoming a...
Analysts: GM would need cash to acquire ChryslerThe Grand Rapids Press - MLive.com, MI - 52 Cerberus bought 51 percent of GM's former financial...
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