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Repossession

Goldman Sachs Seizing Homes Subprime Mortgages Bought

McClatchy | Greg Gordon | Posted 11.02.2009 | Business

Read More: Mtglq, Cases, Hank Paulson, Lawsuits, Middle Class, Suits, Goldman Sachs Subsidiaries, Housing Crisis, Working Class, Goldman Sachs, Judge Roger Efremsky, Lenders, Home Prices, Foreclosure, Subprime, Repossession, Roger Efremsky, Ge, Mortgage Brokers, Mortgage Crisis, Homeowners, Securities Exchange Commission, WMC Mortgage Corp, Judge William Aslup, Wall Street, GE Money, Wiliam Aslup, Henry Paulson, Banks, Sec, Subsidiaries, Business News

Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packa...

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Preview! Las Vegas' High-Performance SEMA Show and the Los Angeles Auto Show; How Green Will They Be?

Steve Parker | Posted 11.27.2008 | Business

Read More: Audi Q7, Chrysler, Suvs, Hemi Engines, Subprime Car Loans, Los Angeles Convention Center, Cars, Clean Diesel, Nissan GTR, Malibu Hybrid, Los Angeles Auto Show, Audi r10 TDI, BMW M-Series, Senator Obama, Washington, Sema, Specialty Equipment Market Association, Repossession, Aircraft Carrier, Detroit Bailout, Las Vegas Convention Center, V8 Engines, Simon Cowell, Automotive Aftermarket, Corvette ZR1, Bugatti Veyron, Detroit Three, Porsche, Los Angeles, Las Vegas, Ferrari, Ford Expedition, Senator McCain, Automotive Fleet, Chevrolet Corvette, American Idol, SUV Sales, Dohc, Business News
Steve Parker

The LA Auto Show is now officially the first big extravaganza on the national car calendar. It opens Friday, November 21st and runs through Sunday, November 30th at the LA Convention Center.

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Lay-offs at Tesla; Repo's to hit record; GM hawks "finance options" and 25% of new-car market may be lost

Steve Parker | Posted 11.15.2008 | Business

Read More: Automotive News, Gmac, Tesla Model S, Tesla Roadster, Tesla Motors, JD Power, Gm, Cars, Repossession, Business News
Steve Parker

Two more pieces of bad news today facing carmakers, dealers and us ... car-buyers and owners: Repossessions are set to break records, while industry a...

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Late Car Payments Now Total $25 Billion; US May Lose 700 Dealerships This Year

Steve Parker | Posted 11.08.2008 | Business

Read More: Automotive News, Toyota, Chrysler, Gm, Detroit Three, $25 Billion Bailout, Home Mortgages, Home Mortgage Crisis, Experian, Cars, $700 Billion Bailout, Italy, Santa Monica, National Association of Automobile Dealers, Ford, Car Payments, Santa Monica Daily Press, General Motors, Japanese Cars, South Korea, Germany, Great Britain, Detroit, Vietnam, Foreclosure, Japan, Repossession, China, Nada, Business News
Steve Parker

The number of people late on their monthly car and truck payments is huge, represented by nearly $25 billion worth of consumer auto loans that are delinquent.

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Detroit Three Expect $25 Billion -- So Who Bails Out Americans' Missing Car Payments?

Steve Parker | Posted 10.25.2008 | Business

Read More: Automotive News, San Diego, Portland, Detroit Three, Mortgage Crisis, AIG Bailout, Cars, Washington DC, Gas/Electric Hybrid, Los Angeles, Denver, America, Ford Motor Co, Dallas, American Financial Services Association, Chrysler, Chevrolet Volt, Aig, Seattle, Sen. Carl Levin, General Motors, Wall Street, Phoenix, Michigan, Home Foreclosures, San Francisco, Plug-in Hybrids, Us, Repossession, Wall Street Bailout, Business News
Steve Parker

It used to be said that a house was the largest expenditure in any person's lifetime; but if someone buys five or more new cars over 40 or 50 years, those purchases could easily cost more, in total, than their home.

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