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Real Estate & Property Law

: Housing Wire

GMAC?s Mortgage Operations Lose $125 Million

By DIANA GOLOBAY

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GMAC Financial Services posted a $675m net loss for Q109 in its preliminary first-quarter results, a widened loss from its $589m net loss last year. The losses in GMAC’s mortgage operations, however, narrowed more than 85% from the year-ago period, coming in at -$125m, from -$859m a year earlier. The segment continued to experience pressure as [...]

Full post as published by Housing Wire on May 05, 2009 (boomark / email).

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