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Foreclosures to Rise As 'Liar Loans' Sour
The housing market - already awash in subprime foreclosures - is now getting hit with a second wave as homeowners with "liar loans" default in record numbers. (Aug. 18)

Loans Turning Fort Worth, Texas-Area Car Buyers Upside Down.
By Sean Wood, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Apr. 25--Dick Adams remembers when 18 months was a long-term car loan. But that was the 1950s, when cars only cost $2,000. We've gone from 18 months to some companies doing 96 months, said Adams, chairman of the board

Publication: Knight Ridder/Tribune Business News

Fort Worth, Texas-Based Web Loan Firm to Be Merged into San Diego Counterpart.(Knight Ridder/Tribune Business News)
Aug. 31--FORT WORTH, Texas--Giggo.com, an Internet car-loan and shopping service, is being merged into PeopleFirst.com, officials with the companies announced late yesterday. The combination will create the nation's largest direct Internet auto loan company, they said. Giggo.com's parent, the

Publication: Knight Ridder/Tribune Business News

Fort Worth, Texas-Based Loan Company Reports Record Quarterly Earnings.
By Jim Fuquay, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Oct. 11--FORT WORTH, Texas--AmeriCredit Corp. said Wednesday that it earned a record $78.7 million in the three months that ended Sept. 30, meeting analysts' expectations of 88 cents a share and topping last year's

Publication: Knight Ridder/Tribune Business News

Fort Worth, Texas-Based Automobile Loan Firm AmeriCredit Plans Layoffs.
By Jim Fuquay, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Nov. 7--FORT WORTH, Texas--AmeriCredit Corp. said Wednesday that it will cut about 350 jobs, or 6.5 percent of its work force, by the end of the month to trim expenses as the company slows its growth rate.

Publication: Knight Ridder/Tribune Business News

Fort Worth, Texas, Auto Finance Firm AmeriCredit Sells $1 Billion in Loans.
By Anuradha Raghunathan, The Dallas Morning News Knight Ridder/Tribune Business News Mar. 20--AmeriCredit Corp.'s shares rose 14 percent Wednesday after an announcement of the transfer of $1 billion in auto loans to Deutsche Bank Securities Inc. Analysts say this is an important deal for the Fort

Publication: Knight Ridder/Tribune Business News

Long-term auto loans turn car buyers upside down
FORT WORTH, Texas - Dick Adams remembers when 18 months was a long- term car loan. But that was the 1950s, when cars cost only $2,000. "We've gone from 18 months to some companies doing 96 months," said Adams, chairman of the board of Longhorn Dodge in Fort Worth. In a market like Dallas/Fort

Publication: Charleston Gazette


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