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» Mortgage Lenders Continue Restructuring and Downsizing in Response to Plunging Profits
Mortgage Lenders Continue Restructuring and Downsizing in Response to Plunging Profits
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After a quarter in which virtually every major lender reported plunging profits, the mortgage industry continues to see reorganization and downsizing. GMAC Financial Services said this week that it will restructure its mortgage unit, Residential...