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Real Estate & Property Law
: Housing WireGMAC?s Lifeline Arrives
By KELLY CURRAN
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The Treasury Department stepped into the auto industry in a big way Monday evening, when it agreed to invest $6 billion to stabilize auto financing giant GMAC LLC, “as part of a broader program to assist the domestic automotive industry.” Whether the infusion will help ailing mortgage arm Residential Capital, LLC, however, is another [...]Full post as published by Housing Wire on December 30, 2008 (boomark / email).
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GMAC Faces Class Action over Foreclosure Abuses
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