GMAC’s Home Loan Unit to Fire 5,000, Shut 200 Offices (Update1) (Bloomberg.com)

Sept. 3 (Bloomberg) — GMAC LLC and its Residential Capital LLC home lending unit plan to fire 5,000 employees, or 60 percent of the staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets.

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September 03 2008 04:09 pm | Home Loan Mortgage Blog

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