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29 Sep 2010, 6:43 am by Gallagher & Associates Law Firm
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]
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]
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 by Robbie L. Vaughn, Esq.
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 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 by By DEALBOOK
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 by By DEALBOOK
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 by Alan White
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]