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$60 Billion Refinance Package for GMAC’s Mortgage Lender The financing package aimed to improve the liquidity of its struggling subsidiary, mortgage lender Residential Capital. Home > Rss Directory > Business > NY Time |
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GMAC Mortgage Unit Gets $60 Billion Financing Package The financing package aimed to improve the liquidity of its struggling subsidiary, mortgage lender Residential Capital. Home > Rss Directory > Business > NY Time |
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ResCap Campaign To Save $1 Billion A Year Imperils Future Profits - CNNMoney.com ResCap Campaign To Save $1 Billion A Year Imperils Future ProfitsCNNMoney.com - 1 hour agoNEW YORK -(Dow Jones)- Residential Capital LLC hopes a $1 billion facelift will revive the struggling mortgage lender. But the nips and tucks - including cutting jobs, closing offices Home > Rss Directory > General > Google News |
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GMAC Plans to Cut 5,000 Jobs at Mortgage Unit The job cuts at GMAC’s Residential Capital mortgage unit will affect about 57 percent of ResCap’s work force. GMAC also said it will close all 200 GMAC Mortgage retail offices. Home > Rss Directory > Business > NY Time |
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Spanish Bank Pays $2.6 Billion for British Lender Banco Santander, the largest Spanish bank, will pay about £1.3 billion, or $2.6 billion, to acquire the struggling British mortgage lender Alliance & Leicester. Home > Rss Directory > Business > NY Time |
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GMAC Posts $2.48 Billion Loss on Big Write Downs GMAC posted a $2.48 billion loss, as rising gas prices forced write-downs of truck and SUV leases, and losses in its mortgage lending unit soared. Home > Rss Directory > Business > NY Time |
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GMAC Posts $2.5 Billion Q3 Loss (AHN) (AHN) - GMAC Financial Services announced Wednesday a third quarter loss of $2.52 billion as the company's ResCap mortgage lending division weighed heavily on results. - Wed, 5 Nov 2008 16:10:14 GMT Home > Rss Directory > Business > AllHeadline |
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GMAC transition reduces control for GM, Cerberus
(AP) AP - GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a number of questions, including who will control Home > Rss Directory > General > Yahoo News |
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Fed Approves Auto Lender GMAC To Be A Bank Holding Company (AHN) (AHN) - GMAC LLC (GM1), an auto lender, has been authorized by the Federal Reserve to be a bank holding company, providing a boost to General Motors Corp (NYSE: GM). - Thu, 25 Dec 2008 04:58:26 GMT Home > Rss Directory > Business > AllHeadline |
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GMAC to Sell Home Services Unit to Brookfield Asset The home and auto lender is trimming mortgage operations after seven consecutive losing quarters at its Residential Capital business. Home > Rss Directory > Business > NY Time |
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GM shares up, GMAC may be eyeing $6 billion loans - Reuters Dividend.comGM shares up, GMAC may be eyeing $6 billion loansReuters - 3 hours agoBy Soyoung Kim and Karen Brettell DETROIT/NEW YORK (Reuters) - Shares of General Motors Corp jumped on Friday after its auto finance affiliate GMAC won access to government lending progra Home > Rss Directory > General > Google News |
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GMAC to Get $6 Billion Aid Deal - Wall Street Journal Maktoob Business (press release)GMAC to Get $6 Billion Aid DealWall Street Journal - 59 minutes agoBy DAMIAN PALETTA and JOHN D. STOLL WASHINGTON -- The federal government Monday deepened its involvement in the US automotive industry by committing $6 billion to stabiliz Home > Rss Directory > General > Google News |
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Lender Reports ‘Elevated’ Withdrawals IndyMac Bancorp said that depositors were withdrawing cash at an “elevated” pace after Sen. Charles E. Schumer questioned the mortgage lender’s ability to survive the housing crisis. Home > Rss Directory > General > NY Time |
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Lender Reports ‘Elevated’ Withdrawals IndyMac Bancorp said that depositors were withdrawing cash at an “elevated” pace after Sen. Charles E. Schumer questioned the mortgage lender’s ability to survive the housing crisis. Home > Rss Directory > Business > NY Time |
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For GM, April is the cruelest month Until a couple of months ago, hardly anyone outside the mortgage business paid attention to ResCap, the residential mortgage unit of auto finance giant GMAC. Yet financial problems at ResCap continue to bedevil GMAC and its 49% owner, General Motors - at a time when the auto giant has plenty of prob Home > Rss Directory > Business > CNN |
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Bank of America to buy Countrywide for $4 billion NEW YORK (Reuters) - Bank of America Corp said on Friday it would buy mortgage lender Countrywide Financial Corp for $4 billion in a move that could avert one of the biggest collapses in the U.S. housing crisis. Home > Rss Directory > General > Reuters |
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Bank of America to buy Countrywide for $4 billion
(Reuters) Reuters - Bank of America Corp said on Friday it would buy mortgage lender Countrywide Financial Corp for $4 billion in a move that could avert one of the biggest collapses in the U.S. housing crisis. Home > Rss Directory > General > Yahoo News |
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Impac Mortgage Posts $2 Billion Annual Loss The struggling mortgage lender cited mounting credit losses tied to higher delinquencies and defaults amid the slumping housing market. Home > Rss Directory > Business > NY Time |
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Time to refinance? Interest rates on 30-year mortgages are down and mortgage applications are up. Is it time to refinance? Home > Rss Directory > Business > CNN |
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Icahn to Yahoo: Sell to Microsoft for $49.5 billion Carl Icahn and Yahoo's board traded barbs once again on Friday as the billionaire investor increased his pressure on Yahoo to make a deal with Microsoft, demanding that the company put itself up for sale to Microsoft for a little more than $34 a share. Home > Rss Directory > Technology > InfoWorld |