Judge it!
Why don't borrowers who've seen their ARMs rise beyond their control and home equity fall well below their dreams do the same and dictate payback mortgage loan terms to ResCap? Turn-about fair play here?
Now the architects of the Rescap disaster are running Radian's MI business. Watch where they turn up next; failed policies and plans are sure to follow.
Automakers
Saturday May 10
End may be near for ResCap, Moody's says
Moody's Investors Service Inc. said it believes that General Motors Corp. and Cerberus Capital Management are preparing to pull the plug on ailing home lender Residential Capital of Bloomington. via Star Tribune
Posted by roboblogger
Full Story: Star Tribune
Complete Coverage: 3 stories
- Domain-B - GMAC unit to get $750 million funding from GM, Cerberus
- Mish's Global Economic Trend Analysis - GM About To Throw Away More Money
- Seeking Alpha - GM about to Throw away More Money
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