May 5 (Bloomberg) -- Residential Capital LLC, the mortgage- finance company owned by GMAC LLC, said it will still need to come up with $600 million by the end of June to meet its debt requirements even if its bond exchange offer is successful.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6UDkp1RIaic&refer=home
May 5 (Bloomberg) -- Bank of America Corp., the second- biggest U.S. bank, should abandon its takeover of Countrywide Financial Corp. because the mortgage lender's loans may be written down by as much as $30 billion, Friedman, Billings, Ramsey & Co. said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQmo1eDHU.Ts&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6UDkp1RIaic&refer=home
May 5 (Bloomberg) -- Bank of America Corp., the second- biggest U.S. bank, should abandon its takeover of Countrywide Financial Corp. because the mortgage lender's loans may be written down by as much as $30 billion, Friedman, Billings, Ramsey & Co. said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQmo1eDHU.Ts&refer=home
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