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WASHINGTON The government is close to providing auto lender GMAC with billions of dollars in fresh aid, according to people with familiar with the matter. The cash infusion is intended to help the company make loans for General Motors Corp. and …
Fitch Cuts Outlook for Bonds Backed by Auto, Consumer Loans - Bloomberg
May 21 (Bloomberg) — Fitch Ratings cut its outlook for bonds backed by European auto and consumer loans and said the junior portions of some securitizations may face negative rating actions as jobless numbers rise. Consumer borrowing is …
Mortgage Rates Fall in U.S. for 30-Year Fixed Loans (Update2) - Bloomberg
May 21 (Bloomberg) — Fixed mortgage rates for 30-year U.S. home loans fell for the first time in three weeks as a Federal Reserve program of buying home-loan securities reduced rates. The average rate for a 30-year loan fell to 4.82 percent from 4 …
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