home equity loans detroit

Jan. 9 (Bloomberg) -- Bill Gross’s decision to back out of a $38 billion bond swap for GMAC LLC debt is paying off for his Pacific Investment Management Co. investors now that the U.S. government has bailed out the auto and mortgage lender. Pimco ...

Gross Wins ‘Game of Chicken’ Shunning GMAC Swap as Bonds Soar - Bloomberg

Jan. 7 (Bloomberg) -- General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won’t need more if the economy holds up. Pledges from the U.S. Treasury for as much as $13.4 billion to help GM ...

GM May Not Require Further U.S. Loans to Survive (Update1) - Bloomberg

A UBURN HILLS, Mich. — Chrysler LLC and the U.S. Treasury Department said Friday that the government had supplied the automaker with a $4 billion loan that was necessary to keep it operating. Chrysler Chief Executive Bob Nardelli said in a ...

US gov’t sends Chrysler $4B bridge loan - Boston Herald

AUBURN HILLS, Mich. (AP) — Chrysler LLC and the U.S. Treasury Department said Friday that the government had supplied the automaker with a $4 billion loan that was necessary to keep it operating. Chrysler Chief Executive Bob Nardelli said in a ...

US gov't sends Chrysler $4B bridge loan - Ann Arbor News

A Portuguese woman who lived to see five of her great-great grandchildren born and was believed to have been the world's oldest person died on Friday at the age of 115, officials said. A sheriff's office says it wasn't sure who was responsible for a ...

Detroit lawyer gets 5-cent IRS bill, 4-cent refund - WFMJ.com

NEW YORK (Reuters) - GMAC LLC, the finance company, on Thursday expressed support for its money-losing Residential Capital LLC mortgage unit, though it stopped short of a commitment to keep the big home loan provider in business. Responding in a U.S ...

GMAC says backs ResCap, without committing to it - Reuters

Mortgage giants Fannie Mae and Freddie Mac said Thursday they will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January. The companies had suspended foreclosures through the holidays but were ...

National Ticker, January 9 - Inland Valley Daily Bulletin

The sense of relief in Detroit that greeted the $17.4 billion federal lifeline thrown by President Bush to General Motors and Chrysler just before Christmas is unlikely to last long. The terms of the bridging loans amount to a gun at the heads of the ...

No End to the Nightmare - CFO.com

DETROIT - GMAC no longer will have exclusive rights to provide low-interest loans to people who buy General Motors vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender. GMAC LLC disclosed the ...

U.S. aid deal lets GM skip GMAC to give car loans - Fort Lauderdale Sun-Sentinel

AUBURN HILLS, Mich. (AP) -- Chrysler LLC and the U.S. Treasury Department said Friday that the government had supplied the automaker with a $4 billion loan that was necessary to keep it operating. Chrysler Chief Executive Bob Nardelli said in a ...