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GMAC move may trigger aid - Jackson Clarion-Ledger
DENVER — GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would ...

U.S. Bank sues former Central States Mortgage CEO - Milwaukee Business Journal
U.S. Bank is seeking $2.7 million in a lawsuit against former Central States Mortgage chief executive officer Dick Jungen and a separate Wauwatosa mortgage firm he leads. Jungen and the mortgage firm, Interim Funding LLC, deny U.S. Bank’s ...

Milwaukee-area vehicle sales down 20% in October - Milwaukee Journal Sentinel
Nationally, October's new vehicle sales were down 32% in October. In the four-county Milwaukee area, sales of new cars dropped 19% and sales of new trucks dropped 20% from October 2007 levels, according to figures released by the Automotive Dealers ...

Audit finds Milwaukee County improperly billed Medicaid taxi rides - Milwaukee Journal Sentinel
Nov. 21, 2008 3:44 p.m. | Madison - The state has reimbursed the federal government nearly $350,000 after auditors found that cab rides had been billed to Medicaid on days when Milwaukee County participants didn't receive medical services. An August ...

Citigroup May End Up With U.S. Government Rescue (Update1) - Bloomberg
Nov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ...

GMAC applies to become bank holding company - last ditch attempt! - Caymanmama.com
GMAC Financial Services files for bank holding status Milwaukee, Wisconsin (CaymanMama.com) — In a last ditch attempt for it’s General Motors’ financing branch to become eligible for financial assistance under the bank rescue plan, GMAC ...

Jazz rally to beat Bucks - Buffalo News
C.J. Miles scored a season-high 25 points, Carlos Boozer added 20 points and 11 rebounds before leaving because of a strained quadriceps, and the Utah Jazz rallied to beat the Milwaukee Bucks 105-94 Wednesday night. Andrei Kirilenko, who had to play ...

Wisconsin 3Q home sales, prices decline - Milwaukee Business Journal
Wisconsin home prices slip while sales drop Lawmakers to overhaul state telecom law Group wants cities to stop road charges for condos Wisconsin home sale prices decline Existing home sales in Wisconsin fell 16.7 percent and median prices in the ...

Shootings were a murder-suicide; father made 911 call, Madison police ... - Wisconsin State Journal
Madison police said today that Ryan Dutter left behind a couple of notes that have helped establish Tuesday's shooting as a murder-suicide. The notes, however, do not shed definitive light on any clear motive for the slaying of 12-year-old Kyle ...

TREASURIES-US yields at 50-year lows on stock rout, economy woe - Reuters
NEW YORK, Nov 20 (Reuters) - U.S. Treasury debt prices raced higher on Thursday, sending benchmark 10-year yields down to a five-decade low, as recession fears pummeled stock markets and intensified a rush to the safety of bonds and cash. The fall of ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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