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  • (AFX UK Focus) 2008-11-03 14:30 UPDATE 1-GMAC sells reinsurance unit to Maiden Holdings (Interactive Investor)
    www.iii.co.uk
    NEW YORK, Nov 3 (Reuters) - GMAC LLC, the money-losing finance company, has sold the reinsurance operations of its GMAC Insurance unit to Maiden Holdings Ltd, the Bermuda-based reinsurer said on Monday. Terms were not disclosed, but Maiden said that to help fund the transaction it plans to raise $260 million of equity from a rights offering to shareholders. Maiden said it will assume $750 ...
  • Home prices down in 90% of Bay Area ZIP codes (San Francisco Chronicle)
    www.sfgate.com
    It's bad all over. Home prices have declined in more than 90 percent of Bay Area ZIP codes over the past year, often by more than double digits, according to a Chronicle analysis. And even the handful of ZIP codes where prices rose barely eked out single-...
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  • $300B FHA rescue funds available to homeowners - with a hitch - Contra Costa Times
    www.contracostatimes.com
    Boston Globe $300B FHA rescue funds available to homeowners - with a hitch Contra Costa Times, CA - 7 hours ago Because of this, lenders may push financially fragile homeowners into loans that generate extra income for independent mortgage brokers and bank loan ... Lenders modify their ways Boston Globe Lenders shift strategy as they ease mortgages Sacramento Bee Mortgage Loan Modification Efforts Continue Expansion HULIQ (press release) Fox5 KVVU  - DSNews.com all 431 news articles
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