Chile analysts lift '07 GDP growth view to 5.9 pct

(Reuters) - The revisions follow the announcement earlier this week of
accelerating growth and rising inflation in Chile.




The country's economic activity index, the IMACEC, rose 6.6
percent in April compared with a year earlier, maintaining this
year's strong growth trends.


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UPDATE 1-GMAC's ResCap says subprime mortgages at a dribble

(Reuters) - GMAC, the finance company in which General Motors Corp.
sold a majority stake last year, last month said it
posted a first-quarter net loss as the subprime mortgage crisis
forced it to take charges. GM Chief Financial Officer Fritz
Henderson also said the "maelstrom" of the subprime market
caused the automaker's results to fall short of forecasts.




ResCap, a survivor of the crisis that sent dozens of
lenders out of business or into bankruptcy, is still working to
get its mortgage products "in front of customers," Wold said,
speaking at the American Securitization Forum's annual meeting
in New York. Subprime lending will pick up but probably won't
return to the "old" heyday, she said.


Read more at Reuters.com Bonds News

UPDATE 1-Freddie Mac sells $3 bln Strip securities

(Reuters) - The issue, designated Freddie Mac Gold MACS, Series 248, is
scheduled to settle June 26.




Bear Stearns was the lead underwriter for the securities.


Read more at Reuters.com Bonds News