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ResCap Production Tumbles

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02-05-2008, 12:37 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

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ResCap Production Tumbles

U.S. mortgage production was $16 billion during the fourth quarter at Residential Capital LLC, according to an earnings report from its parent. Fundings tumbled from the prior quarter and the prior year. For all of 2007, originations were down $68 billion.

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