2010-02-04 — bloomberg.com
"GMAC Inc., the auto and home lender controlled by the U.S. government, posted a record quarterly net loss, driven by the declining value of mortgage assets."
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mortgagemess at 00:39 2010-02-05 said:
We get reports on how much money is lost on mortgage defaults, how much money is paid back on TARP, how many load mods a lender has done..why is there no report on how much money HAMP/Federal Goverment has paid to lenders for the "cash for keys" or "short sale" programs? Especially when you consider there where almost 3 million foreclosures last year and another expected 3 million for this year.... Permalinkadd a comment | go to forum thread
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