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Loan Modification

: Mortgage Lender Implode-o-Meter

GMAC Reports Record Loss on Home Mortgage Defaults

By Implode-Explode Heavy Industries

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"GMAC Inc., the auto and home lender controlled by the U.S. government, posted a record quarterly net loss, driven by the declining value of mortgage assets."

Full post as published by Mortgage Lender Implode-o-Meter on February 04, 2010 (boomark / email).

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