Search for: "GMAC"
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29 Sep 2010, 6:43 am
GMAC was created in 1919 to provide financing for buyers of General Motors Co.'s vehicles. [read post]
26 Dec 2008, 6:04 am
The approval came as bondholders of GMAC, which is [...] [read post]
28 Oct 2009, 10:27 am
GMAC Financial Services,the former financing arm of General Motors Corp., may be in talks with the U.S. [read post]
11 Dec 2008, 12:23 pm
Cerberus Capital Management, the private investment firm that controls GMAC and owns Chrysler, raised the specter of bankruptcy to apply pressure to GMAC's bondholders [...] [read post]
12 Sep 2007, 5:01 am
GMAC reported more [...] [read post]
21 Nov 2007, 1:43 pm
GMAC, the auto and home lender once owned by General Motors, may buy a non-U.S. mortgage company [...] [read post]
26 Feb 2010, 6:20 am
GMAC got $12.5 billion in two previous bailouts and almost $1 billion that was funneled through GM, which used it to invest in GMAC. [read post]
22 Feb 2008, 9:42 am
For Cerberus Capital Management, the private equity firm, things at GMAC always seem to be going from bad to worse. [read post]
28 Oct 2009, 11:14 pm
As the Obama administration contemplates a third rescue of GMAC, the onetime finance arm of General Motors, federal officials, automotive executives and analysts all say the company is - just like the biggest Wall Street firms - too big to fail. [read post]
11 Dec 2008, 8:01 pm
GMAC has been in severe financial distress for some time now. [read post]
30 Dec 2008, 5:21 am
The Treasury Department injected $5 billion into GMAC, the automobile financing company, as part of a deal announced Monday night that will let GMAC convert itself into a bank holding company to reduce its borrowing costs and thus borrow money at low rates from the Federal Reserve. [read post]
8 May 2009, 5:03 am
The results of bank stress tests disclosed Thursday showed that GMAC is in dire straits, The New [...] [read post]
20 Sep 2010, 7:48 am
While we are not yet sure if GMAC is actually stopping its pending foreclosure actions in NY, although we hope that they are, the following is from a recent Bloomberg.com article entitled “Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States:” Ally Financial Inc. [read post]
5 Dec 2011, 1:50 pm
The government owns 74% of GMAC. [read post]
5 Jan 2009, 10:09 am
The federal bailout of GMAC was never going to be pretty, but there are a number of aspects of this latest government action that taxpayers may find particularly irksome, The Deal Professor writes. [read post]
24 Dec 2009, 3:21 am
Warren Buffett is in talks to buy the troubled residential mortgage company Residential Capital, a unit of GMAC, The New York Post said, citing unidentified sources. [read post]
18 Mar 2010, 4:02 am
Some big name investors are kicking the tires of GMAC's troubled residential mortgage unit, Residential Capital, Reuters reported. [read post]
21 Sep 2010, 6:42 am
Yesterday, GMAC said in a Press Release has been no interruption in their usual practice of filing residential foreclosures. [read post]
20 Sep 2010, 7:50 am
Bloomberg has a report today that GMAC Mortgage is halting foreclosures in 23 states due to unspecified defects. [read post]
3 Jun 2008, 5:34 am
Residential Capital said its parent company, GMAC, and GMAC lead investor Cerberus Capital Management agreed to inject $1.43 billion in cash to help keep the distressed mortgage-finance company afloat, Bloomberg News reported. [read post]