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GM Says It May Kill Off One of Its Brands
DETROIT (Reuters) - General Motors Corp. (GM.N: Quote , Profile , Research ) , which issued a shock profit warning last week and has been losing market share, may phase out one of its weaker car brands if sales fail to meet projections, company Vice Chairman Bob Lutz said on Wednesday. GM's Buick and Pontiac are both "damaged brands" due to lack of investment o... : GM Says It May Kill Off One of Its BrandsMortgage Applications Decreased Last Week
NEW YORK (Reuters) - Applications for U.S. home mortgages dropped last week as refinancing and purchasing activity slumped in a holiday shortened week, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity declined 10.6 percent to 605.7 in the week ended Dec. 31, after falling 1.7 percent in the MBA's prior week surve... : Mortgage Applications Decreased Last WeekYour best summer vacation
Your best summer vacation 5 Tips: Start making your plans early for the best rates. March 11, 2005: 2:54 PM EST By Gerri Willis, CNN/Money contributing columnist NEW YORK (CNN/Money) - Baby, it's cold outside. Just when we think it's going to warm up, Mother Nature sends us another Canadian Clipper or a Nor'easter. Of course everyone at the office (except you) has escaped for Spring Break to Florida, the Caribbean or Mexico. Well, their vacation time will soon pass. Yours ... : Your best summer vacationPrivate mortgage insurance (PMI)
A type of insurance policy written by a private company protecting the mortgage lender against loss resulting from a mortgage default; typically used if the borrower's down payment is less than 20 percent of the home's purchase price.... : Private mortgage insurance (PMI)Graduated-payment mortgage (GPM)
A mortgage loan requiring lower payments in early years than in later years. Payments increase each year until the installments are sufficient to pay off the loan.... : Graduated-payment mortgage (GPM)
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