In response to a story on loan production at GMAC's Residential Capital LLC unit, a company spokeswoman has asked to clarify her statements to MortgageWire. Her statement follows: "ResCap is not making predictions about how our loan volumes will be impacted due to the closure of the retail and wholesale channels. However, we are excited about continuing to originate loans through our ditech.com, GMAC Mortgage direct and correspondent channels." Originally, the spokeswoman said that despite the elimination of the firm's broker channel and traditional retail branches, origination volumes would not decline by much.
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