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Loan Modification

: Mortgage Lender Implode-o-Meter

Feds to inject $7.5B more into GMAC

By Implode-Explode Heavy Industries

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" The Treasury Department is preparing to announce as early as today that it will invest an additional $7.5 billion in GMAC LLC in a deal that could allow the U.S. government to hold a majority stake in the Detroit-based auto finance company."

Full post as published by Mortgage Lender Implode-o-Meter on May 22, 2009 (boomark / email).

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