Lender Lower Cutoff Rates: Good News for Bad Credit

GM bailout money helps some borrowers  The first reaction to the economic crisis for many lenders was to stop lending money to borrowers with less than perfect credit. However, the auto and mortgage financing division of General Motors Corp. is relaxing its credit...

Taxpayers Foot Bill for College Football Bowls

It appears writer Eric Crawford was ahead of the journalistic pack with his article that appeared inthe Louisville Courier-Journal on Black Friday — the one after Thanksgiving, not Christmas.  In Bailout...

GMAC Declared a Bank: GM Gets Funding Through a Bailout Backdoor

The drama surrounding the auto industry bailout appears to have been all for show as the US Federal Reserve let GM use a backdoor technicality to access Bailout Bill funds.  The US Federal Reserve played Santa Claus as it granted GMAC, the in-house financing branch of...

Maryland Governor Expands Foreclosure Initiative

Governor O’Malley has extended a foreclosure program he launched in June 2007 to help homeowners keep their homes and control the soaring number of foreclosed properties across the state. "He announced that he...

GMAC Global Relocation services invites companies worldwide to participate in...

"Each year, the survey paints a comprehensive picture of evolving trends and emerging issues facing companies of all sizes that rely on an international workforce. Results from this year's research appeared in such prestigious publications as Time Magazine, The Wall Street...

GMAC Financial services purchases remaining equity stake in GMAC India

""This transaction is a strategic decision and underlines GMAC's commitment to the Indian market and desire to position our business for the long term. The Indian auto market is a key area of growth and through whole ownership, GMAC will be better positioned to continue to...

The Subprime Tsunami Awards

In 1998 "Titanic" swept the Oscars. "Subprime Tsunami" can expect no such honors. Sure, some players may get indictments and be hustled out of their offices by government suits but it's not the same. Time to create a special award for subprime talent. Since the Golden Turkey...

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