Home Care Loan

GMAC Restructuring Leaves SmartNotes Holders in the Lurch

Many readers have been following the GMAC (GKM) bond story - especially GMAC SmartNotes. The latest is that GMAC will restructure its debt to avoid bankruptcy, and that SmartNote holders ( usually, mom and pop investors holding these through thick and thin for retirement) will be put at [...]

An Overview of Reversed Mortgages

If you have a home, you know mortgage products have moved beyond the basic thirty year fixed option. Reverse mortgages are one such product and here is an overview.
A typical mortgage is created when a bank provides you with a lump sum quantity of money to get property. In consideration of [...]