GMAC Financial Services has auctioned off $250 million of problem mortgage assets, using Citigroup Inc. as its broker on the deal, according to a report from American Banker. “Our plan is to continue to sell assets through the year in our normal course of business and as we have done historically,” a GMAC spokesperson...
Some financial planners advise making two half payments on your mortgage each month instead of one full sum. The idea is that homeowners will save thousands of dollars over the years in interest payments. Does this idea hold water? Finance blog The Simple Dollar posits that, assuming your lender allows you to split your...
follow: RSS