GMAC to Shrink ResCap Business | Real Estate Worldwide

GMAC to Shrink ResCap Business

Sep 4th, 2008 | By WSJ.com: Real Estate | Category: News worldwide

GMAC and its ResCap unit plan to close all 200 GMAC Mortgage retail offices and cut 5,000 jobs, in a plan that could lead to savings of $1 billion.

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