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Real Estate & Property Law

: Housing Wire

ResCap?s Marano Expresses Support for Loan Mod Plan

By PAUL JACKSON

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Bucking a trend of some criticism, troubled mortgage lender Residential Capital LLC, a GMAC Financial Services unit, said earlier this week that the “streamlined modification plan” rolled out by the Federal Housing Finance Agency, involving Fannie Mae (FNM: 0.6106 -10.21%) and Freddie Mac (FRE: 0.7322 -2.37%) would be a source of “much needed flexibilty” for [...]

Full post as published by Housing Wire on November 13, 2008 (boomark / email).

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