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Latest news
Developer lines up financing for redevelopment of downtown Chicopee building
CHICOPEE - A major redevelopment project at a downtown apartment project remains on track while officials line up financing, including historic site tax credits.
Read more News Source - The Republican
Publish date - 21:11:40 01/05/09

Jumbo mortgage loan rates put damper on refinancing
While plunging mortgage rates have spawned a frenzy of refinancing, borrowers with larger, so-called jumbo loans are still seeing interest rates in the 7 percent range, prompting many to abandon refinancing plans altogether or resort to creative transactions.
Read more News Source - Boston Globe
Publish date - 09:53:22 01/05/09

Mahoney joins Laconia Savings Bank
Laconia Savings Bank has announced that Tammie (Hewitt) Mahoney has joined their team of financial professionals as a mortgage loan consultant. Mahoney's focus will be to work with customers in the Lakes Region to obtain residential mortgage financing.
Read more News Source - The Citizen of Laconia
Publish date - 08:33:58 01/06/09

Risky bailout? Bond agents changing financing deals as economy sours
A bond agent displays a flier near the entrance of the Santa Ana Jail in Santa Ana, Calif., recently. An increasing number of bond agents are helping accused criminals make bail through risky financing.
Read more News Source - Missoulian
Publish date - 07:11:22 01/05/09

GMAC’s Sweet Government Ride
The rescue of GMAC, which is G.M.’s financing arm, involves a debt exchange and cash offer, the reorganization of GMAC’s ownership structure, the partial severing of the exclusive G.M.-GMAC relationship, a government investment of up to $6 billion, and a redesignation of GMAC as a bank holding company, allowing it to tap into the aforementioned federal bailout funds via the Treasury’s Troubled ...
Read more News Source - New York Times
Publish date - 18:17:50 01/05/09

An Erratic Year for Mortgage Rates
When it comes to mortgage rates, 2008 may be remembered as the year the market went haywire.
Read more News Source - New York Times
Publish date - 20:26:19 01/03/09

Council to Consider Mortgage Lender Lawsuit
The Memphis City Council today in its executive session will discuss a resolution approving the city of Memphis’ involvement in a joint city-county la....
Read more News Source - The Memphis Daily News
Publish date - 06:16:33 01/06/09

GMAC and G.M. Alter Finance Agreement
GMAC , the auto lending giant partly owned by Cerberus Capital Management , will no longer have exclusive rights to provide low-interest loans to people who buy General Motors vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender.
Read more News Source - New York Times
Publish date - 11:48:01 01/05/09

GMAC gives up some GM car financing in bailout
DETROIT - GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender.
Read more News Source - The Times and Democrat
Publish date - 06:43:08 01/04/09

Baack in the black
Julii and Ryan Baack, former mortgage loan officers turned co-owners of Plato’s Closet, say there is more to a successful business than making a ton of money.
Read more News Source - McKinney Courier-Gazette
Publish date - 07:29:13 01/06/09


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