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Treasury Considers Using TARP to Bail Out U.S. Automakers

In a statement released on Friday, the U.S. Treasury said it "stands ready" to prevent the failure of automakers and is prepared to help the Big Three until Congress reconvenes …

December 12, 2008 | Leave comment | Read More

MBA Mortgage Applications Pull Back in Week Ending December 5

Weekly mortgage applications in the United States pulled back in the week ending Dec. 5, according to data released from the Mortgage Bankers' Association (MBA) on Wednesday, which reported a …

December 12, 2008 | Leave comment | Read More

GMAC Fails to Become Bank Holding Company

General Motors was dealt another blow on Wednesday with its financing arm GMAC failing to meet the capital requirements to become a bank holding company . As a consequence, the …

December 12, 2008 | Leave comment | Read More

RealtyTrac Says U.S. Foreclosures Fell in November

Foreclosure rates continued to decline in November but remain elevated, according to a survey by RealtyTrac, which saw a 7% decrease in U.S. foreclosures activity from October to November. Compared …

December 12, 2008 | 1 Comment | Read More

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