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Loan Modification

: Mortgage Lender Implode-o-Meter

GMAC May Post $10 Billion Annual Loss After U.S. Takes Control

By Implode-Explode Heavy Industries

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"- GMAC Inc., the auto and home lender that became majority-owned by the U.S. government last week after a third bailout, may post a loss of more than $10 billion for 2009 as more borrowers defaulted on mortgages."

Full post as published by Mortgage Lender Implode-o-Meter on January 06, 2010 (boomark / email).

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