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Loan Modification

: Mortgage Lender Implode-o-Meter

GMAC to Sell European Mortgage Assets and Operations

By Implode-Explode Heavy Industries

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"GMAC Financial Services today announced that its mortgage subsidiary, Residential Capital, LLC (ResCap), has agreed to sell its European mortgage assets and businesses to affiliates of certain funds managed by affiliates of Fortress Investment Group LLC."

Full post as published by Mortgage Lender Implode-o-Meter on April 12, 2010 (boomark / email).

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