Fed's Yellen Says Rates Could Reach Zero in Weak Economy (finally, free money)

Mortgage News Daily ^ | 10/30/08 | Steve Stecyk

[ridesthemiles]

their mortgage is handled by GMAC so maybe GMAC is in trouble.”

GMAC is in trouble.
No cars being bought...
GM has been trying to sell GMAC for a number of months.

[cajungirl]

USAA subbed its mortgages to GMAC,,that may explain it. Actually the mortgage is handled by the GMAC Mortgage Service Center so I don’t know who holds it. Maybe USAA.

[Freedom_Is_Not_Free]

Why not? It worked so well for Japan. (What do I use to show DRIPPING sarcasm? /sarc-postnasal?

[Travis McGee]

"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market, and so check the movement."

~~Harvard Economic Society, October 19, 1929

"Business will turn for the better this month or next, recovering vigorously in the third quarter and end the year substantially above normal."

~~Harvard Economic Society, May 17, 1930