Mortgage troubles showing up in earnings reports 

Turmoil in mortgage and capital markets is showing up this week not only in the third quarter earnings of lenders including Bank of America Corp., Washington Mutual Inc., Citigroup Inc., and Thornburg Mortgage,  but mortgage insurers like PMI Group Inc. and online stock broker E-Trade Financial Corp.

Also this week, GMAC Financial Services announced it will cut 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC lending unit, and Countrywide Financial Corp.

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