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Loan Modification
: Mortgage Lender Implode-o-MeterGMAC Said to Hire Citigroup, Goldman Sachs for TARP Repayment
By Implode-Explode Heavy Industries
GMAC Inc. hired Citigroup Inc., another bank controlled by the U.S. government, to explore how to repay bailout funds, according to a person briefed on the matter.
Goldman Sachs Group Inc. will also help the auto lender examine repayment strategies and both banks will assist GMAC in reviewing options for its money-losing mortgage unit, ...
Full post as published by Mortgage Lender Implode-o-Meter on March 17, 2010 (boomark / email).
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