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26 Feb 2010, 6:20 am
GMAC posted a $10.3 billion loss last year, driven in part by defaults on home mortgages. [read post]
5 Feb 2010, 6:05 am by Hal Scott, Harvard Law School,
Editor’s Note: Hal Scott is the Director of the Program on International Financial Systems at Harvard Law School. [read post]
29 Jan 2010, 6:46 am by Howard | Nassiri, PC
The up-front documentation rule mimics rules at two of the lenders with the highest conversion rates, GMAC Mortgage and Ocwen Financial Corp. [read post]
26 Jan 2010, 7:40 am by admin
- and of GMAC Financial Services, which was once a car-finance and mortgage firm and is now a bank holding company. [read post]
24 Jan 2010, 8:50 pm by John Watts & M. Stan Herring
A spokeswoman said that Freddie Mac and GMAC have made all their scheduled payments to the Treasury. [read post]
19 Jan 2010, 6:15 am by Steven Peck
GMAC Mortgage Inc. remained the leader in successful loan modifications, completing 9,872 permanent payment plans as of Dec. 31, the Treasury said in its report today. [read post]
7 Jan 2010, 11:46 am by Page Perry LLC
According to the award, the investments were GMAC bonds and “Smart Notes” and FNMA and GNMA Mortgage Preferred Series and “pass-throughs,” all bought on margin. [read post]
LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF GMAC COMMERCIAL MORTGAGE SECURITES, INC., COMMERICIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C1, ROBIN GREEN, AND MELISSA COBB;from Bell County; 3rd district (03-07-00240-CV, 252 SW3d 605, 03-28-08)The Court reverses the court of appeals' judgment and renders judgment.Justice Green delivered the opinion of the Court. [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]
14 Nov 2009, 7:15 pm
 The group ended up with about 75% of the company, with GMAC and its employees holding onto the rest. [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]
26 Oct 2009, 5:38 am
(formerly GMAC Commercial Holding Corp.) and a host of affiliates filed voluntary chapter 11 bankruptcy petitions in Delaware. [read post]
12 Oct 2009, 12:47 pm
Figures for lenders with more than 70,000 potentially eligible borrowers: Saxon Mortgage Services 41% CitiMortgage 33% Aurora Loan Services 33% JP Morgan Chase 27% GMAC Mortgage 26% Wells Fargo 20% Bank of America 11% OneWest Bank 5% Wachovia Mortgage 3% Litton Loan Servicing 2% American Home Mortgage Servicing Background on the Making Home Affordable program, including monthly lender data from July and August, is available on the Treasury Department… [read post]
12 Oct 2009, 12:30 pm
Feuerstein, Esq. on behalf of Eastern Savings Bank; by Dennis Jose on behalf of GMAC Mortgage, LLC.; and by Bruce Weiner on behalf of Northeast Community Bank. [read post]
6 Oct 2009, 11:16 am
Department of the Treasury, Fannie Mae, Freddie Mac, Ocwen, GMAC Financial, in connection with the federal Home Affordable Modification Program ("HAMP"). [read post]