GMAC Expands Foreclosure Appraisal to All 50 States: GMAC Mortgage is initiate an autonomous review of foreclosures in all 50 states and examining foreclosure sales nationwide to ensure events and documentation is precise.
Manuscript Questions Cloud Recovery: Some real-estate agents say the housing recovery is at risk because foreclosure sales have slowed amid concerns over the extent to which banks filled deceitful foreclosure documents.
Land Bet Besets D.E. Shaw: identified for its obsession with computer-driven investing, D.E. Shaw astonished many real-estate deal makers in late 2006 by teaming up on a New Mexico growth project. Now the hedge-fund firm is facing a approximately $100 million loss.
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