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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (82418)	7/30/2007 4:03:16 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

GMAC Chief Executive Eric Feldstein in a statement said efforts to trim risk "have reduced ResCap's losses, quickly and significantly, despite increasing challenges in the U.S. mortgage market." He nevertheless projected that "widespread weakness" in housing and mortgages will persist this year. ResCap will reduce its subprime mortgage exposure and "right-size" its expense base as industrywide volume declines, he said. Continued... isn't gmac marketing its loans under the name ditech? i i am still seeing ditech ads for 100=% re-fi, no verification loans, for a 'limited time' of course