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GMAC, the struggling auto and home lender, on Monday took a big step toward clearing its books of troubled loans when it agreed to sell its $12bn European mortgage business to Fortress Investment Group.
(AFX UK Focus) 2010-04-12 22:31 US Senate panel: high-risk loans brought down WaMu
By Dan Margolies
(AFX UK Focus) 2010-04-08 00:05 UPDATE 2-Citi exec warned Rubin, others of mortgage woes
By Maria Aspan and Dan Wilchins