GMAC's CFO is leaving
GMAC Financial Services chief financial officer Rob Hull is leaving the auto lender at the end of March to join a Providence, R.I., private-equity firm.
Read more News Source - The Charlotte Observer
Publish date - 21:12:04 03/09/10

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Citigroup Selling TruPS After Repaying Bailout: Credit Markets
March 10 (Bloomberg) -- Citigroup Inc. , seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.
Read more News Source - Bloomberg
Publish date - 17:17:38 03/10/10

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Rooftop borrowers offered golden goodbyes
Money Marketing understands that the defunct lender is offering chosen clients the chance to mortgage with another lender by offering discounts of up to 15 per cent to help them increase their equity stake and mortgage away with a new lender.
Read more News Source - Money Marketing Online
Publish date - 08:29:54 03/09/10

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JCR Capital Holds First Closing of Commercial Real Estate Opportunity Fund
JCR Capital, a Denver-based commercial real estate finance company, announced today its first closing of the JCR Capital Distressed & Opportunistic Real Estate Fund I, LP . Â
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 16:41:32 03/10/10

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Pepper rumoured to be on the table
Former chief Babcock & Browner Phil Green and his old work buddy, Trevor Loewensohn, appear to be carrying on their love affair with debt in a new way.
Read more News Source - The Age
Publish date - 16:40:04 03/09/10

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Giant bank, giant struggle in providing mortgage help
Foreclosure-assistance pipeline clogged for Bank of America, other lenders Two years after swallowing the troubled mortgage giant Countrywide Financial, Bank of America trails other major U.S. lenders in resolving troubled home loans through short sales or modified loan terms.
Read more News Source - Orlando Sentinel
Publish date - 04:39:12 03/05/10

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Consumer Groups Urge Regulation of Nonbank Financial Firms
Many of these companies primarily take aim at lower-income customers, and consumer advocates say the companies are far less regulated than banks. Oversight of such companies has been left largely to the states.
Read more News Source - New York Times
Publish date - 21:30:58 03/07/10

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GETTING AHEAD: Sunday, March 7
New associates
Read more News Source - Missoulian
Publish date - 16:23:45 03/08/10

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Regulation of nonbank lenders urged
WASHINGTON — While much of the congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the scenes over whether and how to regulate payday lenders, debt collectors, check-cashing outlets, title and installment lenders and even pawnbrokers.
Read more News Source - St. Louis Post-Dispatch
Publish date - 05:12:57 03/08/10

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NEW LAW PROTECTS RIGHTS: Renters on edge as landlords walk away
The underwater problem facing Michigan doesn't just affect homeowners -- it also ensnares renters. Sister Brigid Johnson, a university math teacher who has made her home in a Plymouth fourplex for the last 22 years, will be evicted this month if her landlord can't work out a deal with his lender.
Read more News Source - Detroit Free Press
Publish date - 08:34:45 03/07/10

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