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Real Estate & Property Law

: Housing Wire

GMAC?s ResCap Wades Back into Warehouse Waters

By DIANA GOLOBAY

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The recent reports of Wells Fargo & Co.’s (WFC: 20.26 +4.16%) plan to return to warehouse lending is prompting other lenders to reconsider a return to the lending space. The mortgage-lending business operating within recently bailed-out GMAC LLC, called Residential Capital LLC (ResCap), said Thursday its growing business relies on the warehouse lending industry. Correspondent lenders [...]

Full post as published by Housing Wire on April 17, 2009 (boomark / email).

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