Search for: "GMAC Financial"
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3 May 2010, 11:00 pm
GMAC Financial Services, a lender majority-owned by the government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages. [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]
21 Oct 2014, 12:27 pm
GMAC, as most of you likely know, was General Motors' financial group. [read post]
24 Sep 2010, 7:49 am
Ally Financial Inc. [read post]
11 Dec 2008, 8:01 pm
GMAC has been in severe financial distress for some time now. [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]
9 Mar 2010, 7:54 am
The chief financial officer of GMAC, the onetime General Motors finance arm that was bailed out by the government, is leaving the company for a job at the private equity firm Providence Equity Partners. [read post]
5 May 2009, 9:04 am
GMAC Financial Services, the largest financier of General Motors vehicles, said Tuesday its lost more money in the first quarter than a year ago as the troubled home and automotive loan markets continued to weigh on results. [read post]
28 Sep 2010, 9:17 am
The Washington Post reported on the 27th that the Attorneys general in Connecticut and California ordered Ally Financial's GMAC mortgage unit to freeze all foreclosures within their States. [read post]
26 Feb 2010, 4:53 am
An I.P.O. of GMAC Financial Services, the U.S. auto loan company bailed out the by the government, is probably at least a year away, a senior Treasury official told the Congressional Oversight Panel Thursday, Reuters reported. [read post]
24 Mar 2010, 2:52 am
GMAC Financial Services, the U.S. auto finance company, agreed to sell its factoring business unit to Wells Fargo, Bloomberg News reported, citing two people with direct knowledge of the matter. [read post]
30 Dec 2008, 9:49 am
GMAC, the primary lender and financial arm of General Motors, is getting a $5 billion capital injection from the Treasury Department, thanks in part to the legal work of Wachtell and Cravath. [read post]
8 Oct 2010, 11:00 am
Cincinnati.com Wednesday morning reported that Ohio Attorney General Richard Cordray has filed a lawsuit against Ally Financial Inc. and its GMAC Mortgage division, alleging fraud that could involve hundreds of foreclosures in the state and asking for civil penalties of up to $25,000 for every violation of the state's consumer laws. [ See Press Release ] "Authorities in at least six other states [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]
26 Feb 2010, 6:20 am
" Chief Financial Officer Robert Hull also testified today, saying the $20 billion in equity the company has on its balance sheet shows it's solvent. [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]
9 Jan 2009, 1:06 pm
Madoff, resigned on Friday as chairman of GMAC, the troubled financial arm of General Motors that is being aided by a federal bailout, The New York Times's Leslie Wayne reports. [read post]
26 May 2010, 8:17 am
The Treasury Department said on Wednesday that it has appointed Marjorie Magner, a former Citigroup executive, as one of its two representatives on the board of Ally Financial, the bank formerly known as GMAC Financial Services. [read post]
25 Sep 2010, 10:42 am
GMAC Mortgage in now part of Ally Financial Inc. [read post]
2 Jun 2008, 4:54 am
Cerberus Capital Management is hardly the only one feeling the pain from the troubles at Chrysler and GMAC. [read post]
