AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
On 03.01.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier.
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On 02.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Attorneys for retired Visteon workers are appealing a bankruptcy judge’s order allowing the auto parts supplier to terminate their health and life insurance benefits.
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On 02.04.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.
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On 12.30.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AFP – The US government threw troubled GMAC a third lifeline, of 3.8 billion dollars, and took a controlling stake in a bid to turn around the mortgage and auto lender.
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On 12.30.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit.
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On 12.30.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.
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