Real estate firm Inverness names COO [East Bay] BofA plans to assist troubled borrowers holding $40 billion in mortgages [San Francisco] Royal Bank of Scotland terminates some loan deals with First Marblehead [Boston] Wine REIT buys two more Read More
Table 1 Quarter Ended ($ in millions, except per share Mar. 31, […]

April 29 (Bloomberg) — GMAC LLC , the auto and home lender that General Motors Corp. sold to a private equity group, posted a $589 million loss in the first quarter and said it may not make a profit until next year. The Detroit-based company, which Read More
General Motors Corp. will […]

It’s a global shift that some are calling the Great Reckoning. For a generation, economists warned that Americans were living too large. With wallets crammed with credit cards and home-equity loans available to any homeowner who could sign his or her Read More
Countrywide Financial Corp. said Tuesday it lost $893 million […]

NEW YORK (Reuters) - The performance of subprime mortgage loans pooled into U.S asset-backed securities showed signs of stabilizing in April, although analysts signal caution ahead. Remittance reports, which provide a snapshot of subprime loan Read More
MORRISTOWN, Tenn., April 29, 2008 (PRIME NEWSWIRE) — Community National Bank of the Lakeway Area […]

Table 1 Quarter Ended ($ in millions, except per share Mar. 31, Dec. 31, Mar. 31, amounts) 2008 2007 2007 Consolidated Company Net (Loss) Earnings $(893) $(422) $434 Diluted (Loss) Earnings per Share $(1.60) $(0.79) $0.72 Shareholders’ Equity $13,155 Read More
To spend or to save? That is the question. Whether ’tis […]

NEW YORK, April 28 (Reuters) - Goldman Sachs, Merrill Lynch and Royal Bank of Scotland have set meetings next week to begin selling their exposure to a $14.6 billion merger loan for LyondellBasell, sources told Reuters Loan Pricing Corp on Monday Read More
VALDOSTA, Ga., April 28, 2008 (PRIME NEWSWIRE) — On […]

Foreclosure crunch being felt in valley, tooPoughkeepsie Journal, NY - 16 hours agoThe "refi" move no longer works when equity, or the homeowner's share of a mortgaged home, is gone. Tapped by refinancing or home equity loans, what equity …

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Goldman Sachs mortgage head Dan Sparks quitsMarketWatch - Apr 26, 2008When you have people working 40-60 hours […]

THE LENDING CRISIS HITS COLLEGESSan Francisco Chronicle,  USA - 23 hours agoMeanwhile, you've lost $60000 worth of home equity in the last six months, and now your college-bound kid might not be able to get a loan. …

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Beware the fine print in tax waiver lawSan Francisco Chronicle,  USA - Apr 23, 2008If you took […]

Goldman Sachs mortgage head Dan Sparks quitsMarketWatch - 22 hours agoWhen you have people working 40-60 hours a week for salaries that barely pay them enough to eat, no wonder they re-mortgaged or took out equity loans. …

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Providence Journal

John Kostrzewa: Loan squeeze tightening for more studentsProvidence Journal, RI - Apr 25, 2008•Many parents borrow money through […]

Dollar's fall forces new standard of frugalitySan Francisco Chronicle,  USA - 5 hours agoWith wallets crammed with credit cards and home-equity loans available to any homeowner who could sign his or her name, consumers went on a debt-fueled …

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BBC News

Barclays' brave betBBC News, UK - Apr 24, 2008And in that context, today's Financial Times reports […]