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Loan Modification

: Mortgage Lender Implode-o-Meter

GM Agrees to Buy Lender AmeriCredit for $3.5 Billion

By Implode-Explode Heavy Industries

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"General Motors Co., the automaker 61 percent owned by the U.S., is buying subprime lender AmeriCredit Corp. for $3.5 billion to help it reach more customers with leases and loans to borrowers with faulty credit records."

Full post as published by Mortgage Lender Implode-o-Meter on July 22, 2010 (boomark / email).

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