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Nov. 16--Michael Carpenter, who joined GMAC Financial Services' board of directors last May, will replace Alvaro de Molina as chief executive officer to accelerate the lender's shift to focus on its core auto finance business and exit its money-losing venture into mortgage lending.
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Nov. 16--TAMPA -- Real estate agent Ken Brownlee's phone stopped ringing last month once clients figured they would be unable to close before an $8,000 federal tax credit expired.
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Nov. 16--First-time buyers rushing to take advantage of the now-extended federal tax credit continued to drive home sales in Hampton Roads last month, according to a report released today.
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WASHINGTON - The Federal Reserve is proposing to exempt some investors from a requirement that consumers receive notice within 30 days after their home loan is sold or transferred to a new mortgage company.
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Nov. 13--Local homebuyers last month found bargains in foreclosed and other types of distressed property.
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NEW YORK - Home Depot Inc., the largest U.S. home-improvement retailer, reports earnings for the fiscal third quarter on Tuesday.
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Nov. 15--Despite a strong showing in October, Joplin reported its worst year for construction in at least a decade, according to building permits filed with the city.
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Nov. 16--HIGH POINT -- Buyers and real estate agents may not be the only ones benefitting from the First Time Home Buyer's Tax Credit.
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NEW YORK - The good news is that the pace at which people fell behind on their mortgages slowed during the summer for the third quarter in a row.
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NEW YORK - Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says.