Brookfield Residential Property Services Acquires GMAC Home Services LLC

Brookfield Residential Property Services, a division of Brookfield Asset Management Inc., announced today that it has entered into an agreement to purchase GMAC Home Services LLC, a recognized leader in global relocation, real estate franchising and brokerage and home financing services, from GMAC Residential Holding Company LLC and Residential Capital LLC. The transaction is expected to close in the fourth quarter 2008. “Brookfield is a leading... 

Dramatic Drop in Housing Values Could Delay Retirement for Homeowners

For those approaching retirement age, the value of their homes accounts for a majority of total net worth1. A new research paper from Principal Funds geared for financial professionals explores how the dramatic and historic decrease in housing values – approximately $400 billion between 2007 to mid-2008 – has significantly altered the retirement plans of many Americans. The Impact of Diminishing Wealth on Future Consumption: How Housing Wealth...