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Real Estate & Property Law

: Housing Wire

ResCap Can?t Stand on Own, Moody?s Says

By PAUL JACKSON

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Suggesting that mortgage lending Residential Capital LLC is circling the drain and potentially threatening to take corporate parent GMAC LLC with it, Moody’s Investors Service last week downgraded key credit ratings at both firms. The rating agency said it had downgraded the senior secured, junior secured, and unsecured senior debt ratings of ResCap to C [...]

Full post as published by Housing Wire on November 23, 2008 (boomark / email).

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