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Real Estate & Property Law

: Housing Wire

ResCap?s Future In Doubt, Says GMAC

By PAUL JACKSON

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Residential Capital LLC, the real-estate finance arm of financial giant GMAC Financal Services, may not survive much longer after posting a $1.9 billion loss during the third quarter, according to a statement released by the firm Wednesday. The woes at the mortgage lender pushed GMAC into the red for the fifth straight quarter, with the [...]

Full post as published by Housing Wire on November 05, 2008 (boomark / email).

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