Wednesday, June 6, 2007

GMAC's ResCap says subprime mortgages at a dribble

(Reuters) - ResCap, a survivor of the crisis that sent dozens of
lenders out of business or into bankruptcy, is still working to
get its mortgage products "in front of customers," Wold said,
speaking at the American Securitization Forum's annual meeting
in New York. Subprime lending will pick up but probably won't
return to the "old" heyday, she said.




Read more at Reuters.com Bonds News

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