Search for: "GMAC BANK"
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26 Dec 2008, 6:04 am
Federal regulators will permit GMAC to become a bank and gain access to billions of dollars in government aid, a crucial step that will help ensure the survival of the company. [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]
19 Nov 2010, 7:55 am
Chicago's Sheriff, Tom Dart, will suspend all foreclosure evictions by GMAC, JPMorgan, and Bank of America. [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]
29 Sep 2010, 6:43 am
GMAC converted into a bank holding company in 2008 as it received more than $17 billion of government funds during the financial crisis. [read post]
28 Oct 2009, 10:27 am
As part of the initial bailout, GMAC, which finances three-fourths of General Motors car loans and provides mortgages, insurance and other services, transformed into a bank holding company, which enabled it to receive Treasury aid. [read post]
10 Dec 2008, 1:56 pm
GMAC, the former financing arm of General Motors, said Wednesday that, based on the weak participation in its recent exchange and tender offers, [...] [read post]
25 Sep 2010, 10:42 am
RealtyTrac reports repossessions hit an all-time high in August with 95,364 bank takeovers. [read post]
5 Oct 2010, 9:05 am
Bank of America followed the lead of JP Morgan Chase and GMAC Mortgage who both have put a freeze on their pending foreclosure cases within the past two weeks. [read post]
5 Dec 2011, 1:50 pm
Take, for example, credit unions and local banks, which have been safely lending for years. [read post]
8 Jun 2009, 3:14 am
So this is really GMAC Bank with a new name. [read post]
5 Oct 2010, 1:12 pm
Many banks, including Bank of America, JP Morgan, and GMAC, employed people who processed the paperwork as quickly as possible in order to comply with many local rules and procedure. [read post]
27 Sep 2010, 7:03 am
Courts require banks and servicers to have adequate documentation for a foreclosure and swear to its truth because a foreclosure will have a major effect on the borrower's life and finances. [read post]
27 Dec 2009, 6:00 am
GMAC, once the auto-financing arm of General Motors Corp., now is a stand-alone bank offering many types of financing. [read post]
12 Oct 2010, 4:57 am
PNC becomes the fourth major lender to temporarily freeze foreclosures, joining Bank of America, JPMorgan Chase, and GMAC Mortgage. [read post]
8 Apr 2013, 7:54 am
GMAC and Mrs. [read post]
7 Oct 2010, 8:27 am
Business Insider: “The hottest story right now in the banking industry is foreclosure-gate, as various firms like Bank of America, JPMorgan, and GMAC have halted foreclosures upon realizing that the paperwork behind them has been shoddy at best. [read post]
16 Nov 2011, 8:47 am
Prior to its conversion, it operated as GMAC, the financing firm of General Motors. [read post]
20 Sep 2010, 7:44 am
We have all seen the banks say something but their lawyers continue to march ahead. [read post]
8 Oct 2010, 12:01 am
Many of my readers have heard that a number of lenders, including Bank of America, Ally (formerly GMAC), and JP Morgan Chase, have stopped foreclosure proceedings in 23 states. [read post]
