That was my former employer, first real job out of college, started in the post closing department as a temp. I started there in '93 and spent 8 years eventually catching on as a corporate trainer flying all over the counrty training people in those offices. I still have friends in HQ in Ft Washington, PA. I've called down there and it aint pretty. We'll see how it pans out.

 
Posted by Dan McCormac on 09/05/2008 12:45 PM   Comments (3)  
Generate short URL
Post is included in group: Long & Foster Agent Lounge
Post is included in group: Long & Foster and Partners Bloggers

3 Comments on GMACM Closes 200 Retail Offices and Layoff 5k employees

SEP
07
2008

Wow, that is pretty sad.  I hope these 5,000 employees can find stable work elsewhere.
10:52pm • #1
SEP
12
2008

Dan - it is sad seeing a company you were affiliated with explode.  Hope things work out for your friends that are still there.

As an aside - 2 of my agent partners in the Rehoboth Beach and Bethany Beach offices just had buyers come in this past week with GMAC pre-approval letters.  Got one of them converted right away to Prosperity.  The other isn't really approvable without a full underwrite.
9:20am • #2
OCT
15
2008

Jeff - That really highlights the value of an in-house lender when things like that happen.
6:47pm • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Dan McCormac

Lancaster, PA

More about me…

Home Sale Lending, LLC

Office Phone: (717) 286-9625

Cell Phone: (717) 333-0841

Email Me

Discussions and dialogue about the mortgage business in Lancaster County.


Links

Archives

RSS 2.0 Feed for this blog