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Latest News:

General Motors sues bankrupt auto parts supplier
General Motors Corp. is suing a bankrupt automotive supplier based in Troy for immediate access to specialized parts and equipment, arguing that a delay would hamper the launch of the new Chevrolet Camaro, ...

need to reduce debt? consider a home equity loan.
high interest rates take a long time to pay off. consider a home equity loan and get rid of high interest burdens...

Business news in brief: Investor in talks on Waterford Wedgwood
A U.S. private-equity fund is in talks to take a controlling stake in struggling Irish crystal and ceramics manufacturer Waterford Wedgwood PLC for 600 million euros , three people briefed on the negotiations ...

Refinancing home loans an option, experts say - Dailyrecord.com

New York Times

Refinancing home loans an option, experts say
Dailyrecord.com, NJ - Dec 26, 2008
In April, O'Neill applied for a home equity loan instead of a mortgage. She paid no application fee and got a 4.75 percent interest rate on a five-year loan .
pros and cons of refinancing PWO
all 25 news articles

GMAC needs $30B in equity (The Scranton Times-Tribune)
GRAND BLANC, Mich. EUR” The financing arm of General Motors Corp. has until midnight to clear a final hurdle in its quest to become a bank holding company, even though it already received the Federal Reserves stamp of approval earlier this week...

And the interest is deductible - Minneapolis Star Tribune

And the interest is deductible
Minneapolis Star Tribune, MN - 2 hours ago
The tax credit works like an interest-free loan and must be repaid in 15 years. Late this year, the FHA-insured Home Equity Conversion Mortgage (HECM) .

Unclear if GMAC Met Final Hurdle for Bailout Funds
The financing arm of General Motors Corp. wasn't immediately saying early Saturday whether it had met a midnight deadline to clear a final hurdle in its quest to become a bank holding company, which would allow ...

Still not clear if GMAC cleared hurdle for bailout - The Associated Press

Still not clear if GMAC cleared hurdle for bailout
The Associated Press - 2 hours ago
The Fed's action Wednesday came as GMAC was struggling to get bondholders to convert 75 percent of their debt into equity of the company. .

Mortgage practice hindering recovery - Boston Globe

Mortgage practice hindering recovery
Boston Globe, United States - Dec 25, 2008
The single mother bought her Methuen house in 2005 with 100 percent financing - a first loan with an adjustable rate and a separate home equity loan with a .