GMAC slashing work force, reduces mortgage lending (AP via Yahoo! News) Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. us.rd.yahoo.com
GMAC Financial Services laying off 5,000 (Richmond Times-Dispatch) Lender GMAC Financial Services said yesterday that it will close all 200 retail offices and lay off 5,000 employees. The job cuts are part of plan to reduce its mortgage lending and servicing because of the housing downturn. us.rd.yahoo.com
GMAC laying off 5,000 (Richmond Times-Dispatch) Lender GMAC Financial Services said yesterday that it will close all 200 retail offices and lay off about 5,000 employees. The job cuts are part of plan to reduce its mortgage lending and servicing because of the housing market downturn. Virginians will be among those affected. Most layoffs are slated for GMAC's mortgage lending division, Residential Capital LLC, known as ResCap, and will reduce ... us.rd.yahoo.com
GMAC to close all 200 mortgage retail offices (Sun-Sentinel) Lender GMAC Financial Services, partly owned by General Motors Corp., said Wednesday it will close all of its 200 retail offices nationwide and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market downturn. us.rd.yahoo.com
GMAC slashing work force, reduces mortgage lending (St. Louis Post-Dispatch) Lender GMAC Financial Services said Wednesday that it will close all of its 200 retail offices and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market downturn. us.rd.yahoo.com
GMAC to close offices, lay off 5,000 (The Star-Ledger) LOS ANGELES -- Lender GMAC Financial Services said yesterday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. us.rd.yahoo.com
GMAC to slash work force, reduce mortgage lending (Post-Bulletin) LOS ANGELES -- GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of a plan to reduce its mortgage lending and servicing because of the housing us.rd.yahoo.com
GMAC closing door on mortgage lending business (Pittsburgh Tribune-Review) Lender GMAC Financial Services said it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. us.rd.yahoo.com
Popular Announces Substantial Sale of Loan and Servicing Assets of its U.S. Mortgage Unit, Popular Financial Holdings, ... (PR Newswire via Yahoo! Finance) Popular, Inc. announced today an agreement to sell loan and servicing assets of its U.S. mortgage subsidiary Popular Financial Holdings to various Goldman Sachs affiliates. The sale includes approximately $1,170 million in loans and mortgage servicing assets. us.rd.yahoo.com
GMAC slashing work force, reduces mortgage lending (San Francisco Chronicle) Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the layoffs are... us.rd.yahoo.com
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