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Loan Modification

: Mortgage Lender Implode-o-Meter

GMAC Says Lender Will Post $5 Billion Quarterly Loss

By Implode-Explode Heavy Industries

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" GMAC Inc., the auto and home lender bailed out by the U.S. government three times, said its combined fourth-quarter loss was about $5 billion as the company tried to stanch losses from mortgages."

Full post as published by Mortgage Lender Implode-o-Meter on January 05, 2010 (boomark / email).

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