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Lenders in the News

ResCap to Cut 25% of Workforce Today | 2007-10-17

Residential Capital LLC, the home-lending arm of GMAC Financial Services, will announce a reduction of about 25% in its work force today, according to people familiar with the matter, joining a parade of lenders paring operations as loan demand slows and financing for mortgages tightens.

2007-10-17

Source: Wall Street Journal Online
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