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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  March 9, 2010  |   GMAC Unloads Mortgages at Auction
GMAC has auctioned off $250 million of troubled mortgages and securities but is offering no details other than that it was very pleased with the bid process.

GMAC, which has billions of dollars of problem mortgage assets along with its Residential Capital LLC home-loan unit, will continue to sell assets throughout the year, according to a spokeswoman.

Source: American Banker (03/08/2010)

© Copyright 2010 Information Inc.

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