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GMAC's Mortgage Mess

Thu 15 Nov 07 | 03:54 PM ET
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GMAC's Mortgage Mess

Thu 15 Nov 07 | 03:54 PM ET
GM and Cerberus' GMAC Rescap home mortgage business is struggling, and it could be close to violating certain debt covenants, which has some analysts thinking bankruptcy could be an option. CNBC's Lee Hawkins has the details.
Automobiles and Parts

Sectors:

 | Banks

Sectors:

 | Financial Services
 
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