HOME CALENDAR (Detroit Free Press)
Detroit (Good, Bad, or Ugly): Real perspectives of the city by real people moderated by Jason Cole. 6-8 p.m. Mon. at the Java Exchange Café, 440 Burroughs (TechOne building), Detroit. Meetings are held weekly, except holidays. Each session will focus on a different topic. Free. Call 313-832-4211 for information....more...GMAC Financial Services and Habitat for Humanity Join Forces To Provide Affordable Housing (PR Newswire via Yahoo! Finance)
Habitat for Humanity affiliates across the United States and internationally are joining GMAC Financial Services in an effort to create homeownership opportunities in partnership with families in need through the construction of 19 new homes in 2007....more... New Chrysler owner gets second finance arm (Detroit News)
If you haven't heard much about Chrysler Financial, it's for good reason. Unlike high-flying GMAC Financial Services, Chrysler's financing arm doesn't offer insurance, banking, investment services and -- most importantly -- home mortgages....more... Profile of a newsmaker: Loan officer honored for mortgages made in 2006 (Norwich Bulletin)
In the news: Patricia Konturas, a mortgage loan officer with Liberty Bank, received the award for highest number (97) of first mortgage loans closed during 2006 at the bank's annual sales summit. She serves the greater Norwich area....more... Landslide-threatened home burned (The Columbian)
STEVENSON ? Around 7:30 a.m. Saturday, Bill LaCombe started burning down his dream. Dressed in the protective turnout of a volunteer firefighter, LaCombe walked through the house where he and his family had lived for more than eight years and kindled a series of fires....more... Year-over-year home prices drop for first time since 2002 (Orlando Sentinel)
The last bit of good news vanished from Orlando's gloomy home market last month, when the median price of the houses and condos sold by local Realtors fell from a year earlier for the first time in more than five years. ...more... Dream goes down in flames (The Columbian)
STEVENSON ? Bill LaCombe spent Saturday morning burning down his dream. Dressed in the protective turnout of a volunteer firefighter, LaCombe took a final walk through the house where he and his family had lived for more than eight years. Then, at about 7:30 a.m., he kindled a series of fires....more... GMAC Has $305 Million 1st-Quarter Loss on Home Loans (Update5) (Bloomberg.com)
May 2 (Bloomberg) -- GMAC LLC, the finance company partly owned by General Motors Corp., said it had a $305 million first- quarter loss and injected $1 billion into its home-lending unit amid a ``sharp downturn'' in the U.S. mortgage market....more... The pros and cons of reverse mortgages for senior citizens (Reno Gazette-Journal)
Are you or someone you know a senior-citizen homeowner who is "house rich" but "cash poor?" If so, a reverse mortgage can solve the problem if the homeowner is at least 62, needs tax-free income with no monthly payments and plans to stay in his/her house or condo for at least five years....more... |