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George's Bottom Line - ABC News BlogsIncoming White House senior adviser David Axelrod said President-elect Barack Obama wants to see the Big Three automakers come up with a plan before they get a federal bailout. "We all have a stake in the survival of the auto industry in order to do ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Charges of socialism have been thrown around pretty promiscuously in this election, mainly against Democratic presidential hopeful Barack Obama ...
GM says GMAC mortgage unit may not survive - Washington PostDETROIT -- Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive. GM also said that ...
GM woes worsen after Delphi warning - Financial TimesGeneral Motors on Monday warned that Delphi, its biggest parts supplier, may not be able to emerge from bankruptcy protection. In a regulatory filing, the ailing US carmaker also painted a dark picture of prospects for ResCap, one of the US’s ...
GM says its troubled GMAC mortgage unit might not survive - Detroit Free PressGeneral Motors Corp. says the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage business of its GMAC financial arm can survive. The automaker said today in a filing with the Securities and Exchange Commission ...
GM says Delphi mightn't emerge from bankruptcy - Kokomo TribuneDETROIT - General Motors says Delphi Corp., its former parts-making operation that was spun off in 1999, may not be able to emerge from bankruptcy protection. The automaker also says the troubled mortgage industry and frozen credit markets have ...
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
END OF THE ROAD - New York PostGeneral Motors stock appears headed to zero value - even with a government rescue - making bankruptcy seem like a smarter makeover step for the future. While a nearly broke GM prepared yesterday to shut more factories, sell its giant transmission ...
More bad news at GM - Oakland PressBad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive. GM also said Delphi Corp., its ...
Business Highlights - ForbesNEW YORK (AP) - Wall Street caved in to its economic anxieties and closed lower Monday, giving up an early rally over a stimulus package in China and refocusing on the acute pullback in spending that is pummeling U.S. companies. Market participants ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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