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#247866 - 09/04/08 08:39 AM Homecomings Financial shut down
jgizzi Major Contributor Registered: 11/14/00 Posts: 1518 Loc: The big blue marble	I just read this on ml-implode. Does anyone know if this will affect listing agents in any way? Ayyway, it said they are laying off 3000 and not making anymore loans. http://ml-implode.com/imploded/lender_HomecomingsFinancial,LLC_2008-09-03.html _________________________ Jim
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#247868 - 09/04/08 09:25 AM Re: Homecomings Financial shut down [Re: jgizzi]
Mr. Foreclosure Major Contributor Registered: 09/01/06 Posts: 2299 Loc: upstate New York	I've had Homecomings Financial REO listings in the past but nothing currently.
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#247902 - 09/04/08 12:29 PM Re: Homecomings Financial shut down [Re: Mr. Foreclosure]
The Pa Broker Member Registered: 11/15/06 Posts: 422 Loc: The Big Rock Candy Mountain	Gmac announced they are laying off a total of 5000 and are closing all of their GMAC loan origination offices. Got that from today's newspaper. Here's a link to a newspaper article from the Detroit Free Press http://www.freep.com/apps/pbcs.dll/article?AID=/20080904/BUSINESS04/809040360/1017 _________________________ I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
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#248059 - 09/05/08 11:36 AM Re: Homecomings Financial shut down [Re: The Pa Broker]
Delicious Cake Major Contributor Registered: 12/10/05 Posts: 2672 Loc: CA	Many of my listings are Homecomings/GMAC .. I hate news like this. But I wasn't counting on listings from new loans anyways, they still have a couple of years of old loans waiting to go bad.
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#248160 - 09/05/08 06:37 PM Re: Homecomings Financial shut down [Re: Delicious Cake]
jgizzi Major Contributor Registered: 11/14/00 Posts: 1518 Loc: The big blue marble	Quote: ...they still have a couple of years of old loans waiting to go bad. Ahh... Job security. Then it's good news after all. _________________________ Jim
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#248203 - 09/05/08 10:48 PM Re: Homecomings Financial shut down [Re: jgizzi]
realtorstw Member Registered: 04/21/06 Posts: 386 Loc: Stillwater MN	I recieved this email 4 times in the last 2 days Quote: Dear Agent: This property is has been put on hold by the bank due to a possible bulk sale. We will not be listing, accepting offers, reducing or executing contracts on this property until further notice. More information to follow. Thank you for your hard work and patience. 2 I had multiple offers on 1 had a verbal seller acceptance 1 in prelist. GMAC is one of my favs too. I hope they dont belly up _________________________ THE NATION WHICH FORGETS ITS DEFENDERS WILL ITSELF BE FORGOTTEN
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#248215 - 09/05/08 11:25 PM Re: Homecomings Financial shut down [Re: realtorstw]
realtorstw Member Registered: 04/21/06 Posts: 386 Loc: Stillwater MN	http://www.twincities.com/news/ci_10372044?source=rss _________________________ THE NATION WHICH FORGETS ITS DEFENDERS WILL ITSELF BE FORGOTTEN
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