GMAC Surpasses Citi in Quarterly Originations
Posted on November 5, 2009
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Residential originations at GMAC Financial Services declined $3.1 billion from the second quarter, according to third-quarter earnings data. But over at Citigroup Inc., volume was down by $17.6 billion. The smaller decline at GMAC helped it displace Citi as the fourth biggest residential lender in the country.
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