December 30, 2009
Well, just when we have been hearing so much about the economic recovery it seems that all is not well with GMAC. The economic turmoil that kept the financial system in chaos during 2009 created the “need” for GMAC to receive $12.5 Billion in government funds. These funds came in the form of direct aid [...]
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April 15, 2008
Reports out today indicate that foreclosures and inflation are rising.
Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm RealtyTrac said on Tuesday.
For the month of March, foreclosure filings, default notices, auction [...]
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