equity home loan washington

NEW YORK – GMAC LLC, the financing arm of automaker General Motors Corp., said Thursday that it has made progress in restructuring its ailing home mortgage subsidiary but didn’t go as far as to guarantee its future. Residential Capital LLC, which ...

GMAC backs ailing affiliate - Fort Wayne Journal Gazette

WASHINGTON — Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago. Rates have been falling since late November, when the Federal ...

Plunging mortgage rates hit record low - Buffalo News

Jan. 3 (Bloomberg) -- Private-equity investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp. and inject $1.3 billion in cash, a rare purchase of a failed ...

Mnuchin Leads Private-Equity Funds to Buy Failed IndyMac Bank - Bloomberg

Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. Bank of America , which started shedding 7 ...

Lenders Are Backlogged by Refinancing Rush - Washington Post

WASHINGTON (MarketWatch) -- Question: I had my line of credit cut in half and am having a very difficult time getting it reinstated. My facts are as follows: Appraised value at time the line was issued was $1.2 million, first mortgage of $960,000 (80 ...

Here's what to do if your home-equity line is slashed - Marketwatch

Fellow Democrats yesterday began trashing President-elect Barack Obama's plan for tax cuts, even while the president-elect was urging Congress to work "day and night, on weekends if necessary," to pass his $800 billion stimulus program quickly ...

DEMS SMACK O'S TAX WHACKS - New York Post

WASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...

Mortgage rates fall to third straight record low - Associated Press

Jan. 2 (Bloomberg) -- IndyMac Bank , the fourth-largest U.S. lender to fail in the past year, was sold to private-equity investors led by Steven Mnuchin of Dune Capital Management LP for $1.3 billion, the Federal Deposit Insurance Corp. said. “The ...

IndyMac Bank Sold By FDIC to Equity Group for $1.3 Billion - Bloomberg

WASHINGTON: A group of private investors has agreed to buy for nearly $14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed by Steven ...

Failed US home loans bank IndyMac sold for $14 bn - Daily News and Analysis

BOSTON - Late payments on consumer loans in last year's third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association said Wednesday. The association said delinquencies rose to a seasonally adjusted 2.9 ...