More than 300 foreclosed Minn. homes on auction block (Winona Daily News)
MINNEAPOLIS ? In a sign of the subprime mortgage meltdown, more than 300 foreclosed homes across Minnesota go on the auction block this weekend....more...More than 300 foreclosed Minn. homes on auction block (WKBT La Crosse)
MINNEAPOLIS (AP) - More than 300 foreclosed homes across Minnesota are on the auction block this weekend -- another sign of the subprime mortgage meltdown....more... GMAC to slash 3,000 jobs at mortgage unit (The Philadelphia Inquirer)
MINNEAPOLIS - GMAC Financial Services said yesterday that it would cut about 3,000 jobs, or 25 percent of the workforce, at its Residential Capital L.L.C. mortgage operation....more... GMAC's ResCap Mortgage Unit to Cut 3,000 Jobs (22 WSBT South Bend)
MINNEAPOLIS (AP) ? GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC mortgage operation....more... House auction gives good news to North Side (Minneapolis-St. Paul Star Tribune)
A savvy inner-city housing investor with $11 million in her pocket emerged as the leading buyer Saturday for north Minneapolis homes that are part of a two-day auction of 300 bank-foreclosed Minnesota houses at the Minneapolis Convention Center. This is good for North Side neighbors, who have been disproportionately affected by vacant houses, thanks to loan scams and adjustable-rate mortgages ......more... Hundreds of foreclosed homes hit the auction block (KARE 11 Minneapolis-St. Paul)
More than 300 foreclosed homes in Minnesota are on the auction block this weekend. "It's just an alternative marketing strategy for these lenders rather...more... GMAC's ResCap mortgage unit to cut 3,000 jobs (USA Today)
GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25% of the workforce, from its Residential Capital mortgage operation....more... GMAC's ResCap mortgage unit to cut 3,000 jobs (Reuters via Yahoo! News)
Residential Capital LLC, the mortgage unit of GMAC Financial Services, said on Wednesday it will eliminate 3,000 jobs, or 25 percent of its work force, to cope with the U.S. housing downturn....more... GMAC to cut about 3,000 jobs in mortgage unit (The Charlotte Observer)
LOANS GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force, at its Residential Capital LLC mortgage operation. It blamed the cuts on "sharp downturns in the U.S. residential real estate markets and the global dislocation of the mortgage finance and credit markets."ResCap employs about 12,000 people after cutting 2,000 jobs earlier this ......more... |