Search for: "GMAC Financial Services"
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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]
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]
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]
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]
20 Sep 2010, 7:50 am
This is another illustration of the need for stronger enforcement of laws and rules governing mortgage servicer conduct, at a point when the stress of foreclosure volumes inevitably leads to shortcuts and worse by mortgage collectors.Update: Ally Financial, parent company of GMAC Mortgage, has issued a statement clarifying that it has only stopped some sales of foreclosed homes and evictions, not all foreclosures. [read post]
13 Oct 2008, 10:50 pm
Reports of the death of the credit freeze have been greatly exaggerated:PRESS RELEASE: GMAC Financial Services Statement on Automotive Finance Purchase Policy DETROIT, Oct. 13 /PRNewswire/ -- GMAC Financial Services today implemented a more conservative purchase policy for consumer auto financing in the U.S. as a result of the lack of stability in the global capital and credit markets. [read post]
3 Jan 2009, 9:29 pm
Reuters: Chrysler gets $4 billion U.S. government loan "GMAC Financial Services today [December 29, 2009] announced that it has sold... [read post]
7 Oct 2010, 10:44 am
Ohio’s Attorney General has sued GMAC Mortgage and its parent Ally Financial Inc. alleging that GMAC, acting as a mortgage servicer, filed fraudulent documents during court proceedings in which GMAC was foreclosing on homes in Ohio. [read post]
14 May 2010, 2:53 am
Chrysler raised concerns Thursday about reports that rival General Motors is interested in buying back the auto financing business from the former GMAC Financial Services, The Associated Press reported. [read post]
26 Oct 2009, 5:38 am
On Sunday, Capmark Financial Group Inc. [read post]
23 Dec 2008, 2:44 pm
Meanwhile, financial industry groups are pushing to use the bailout fund to help a wider array of companies, including automotive financing companies such as GMAC Financial Services. [read post]
4 Apr 2012, 7:14 am
It’s worth noting that for all of the poor homeowners here unfortunate to have Ocwen Financial servicing their loans: you’re in the same boat as a lot of people. [read post]
8 Jun 2009, 3:14 am
Ally Bank is a part of GMAC Financial Services, which became an independent company in late 2006. [read post]
22 Oct 2009, 9:38 am
.; Bank of America Corporation; Chrysler Group, LLC; General Motors Company; General Motors Acceptance Corporation Financial Services (GMAC) and Chrysler Financial. [read post]
3 Aug 2010, 10:23 am
The Congressional Oversight Panel, in March of 2010 said that despite three separate bailouts of GMAC totaling $17.3 billion, GMAC Financial Services “continues to struggle with its troubled mortgage liabilities. [read post]
16 Dec 2008, 9:41 am
The mortgage was assigned to RFC/GMAC, who based upon the erroneous title search, brought an …Read More... [read post]
29 Mar 2012, 10:02 am
Morgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial, formerly known as GMAC Mortgage have agreed to a $25 billion mortgage [...] [read post]
14 Jan 2011, 10:55 pm
Postal Service that showed the exact dates they had sent their payments and when they GMAC had received them. [read post]
