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  • Cerberus May Forfeit GMAC Control to Get Bank Status (Update2) (Bloomberg)
    Nov. 6 (Bloomberg) -- Cerberus Capital Management LP may forfeit control of GMAC LLC as part of a plan to convert the faltering auto-loan company into a bank with greater access to government funds, three people familiar with the matter said.
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  • Chase to halt new foreclosures for 90 days - Birmingham Business Journal
    JPMorgan Chase won’t put any more homes into foreclosure for the next 90 days while it implements a plan to help borrowers stay in their homes, the company announced Friday. The plan will include proactive offers to refinance mortgages to more ...
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