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GMAC MORTGAGE
- US foreclosures under scrutinyFederal Reserve Chairman Ben S Bernanke said the central bank and other regulators are “intensively” examining financial firms’ home-forecl...
- US to help homeowners on verge of foreclosuresUp to 40 state attorneys general are preparing to launch a joint investigation into the mortgage industry over the foreclosure-document mes...
- Bank of America stops US foreclosures for reviewBank of America (BofA) on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases...
- Obama rejects controversial foreclosure lawUS President Barack Obama on Thursday rejected a bill which could have made it more difficult for homeowners to challenge banks who threate...
- GMAC expects $5 bn Q4 loss, selling mortgage assetsGMAC Financial Services, the consumer lender now majority owned by the government, said on Tuesday it expects to report a loss of about $5 ...
- GMAC CEO Alvaro de Molina steps downTroubled auto and home lender GMAC Financial Services said Monday CEO Alvaro de Molina is stepping down. Michael A Carpenter, a member of t...
- GMAC receives $7.5 billion in new Treasury aidAuto lender GMAC Financial Services will receive $7.5 billion in additional government aid to keep loans flowing to would-be buyers of GM a...
- GMAC may need govt supportGMAC, the auto and mortgage lender, will likely be forced to seek more taxpayer help in its effort to raise $11.5 billion of new capital.
- 6 companies to get $9.9 bn under mortgage programThe recipients are Chase Home Finance, Wells Fargo, GMAC Mortgage, Citigroup, Select Portfolio Servicing and Saxon Mortgage. US mortgage cr...
- Some doubt GMAC move will help car buyersSeveral analysts expressed skepticism Friday that the Federal Reserve's decision allowing GMAC Financial Services to become a bank holding ...
- GMAC shift means less control for GM, CerberusFinancial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is ...
- GM's finance arm to become bank holding coPaving the way for the beleaguered General Motor's finance arm to tap government funds, the US Federal Reserve has granted GMAC the status ...
- Federal Reserve lets GMAC tap bailout fundThe Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolsteri...
- US Treasury Department provides $4.7 billion to 92 banksMoney is being disbursed as part of govt's effort to buy stock in banks & spur them to step up lending to fight worst financial crisis. US ...
- GM's finance arm seeks to become bankGM is seeking to become a federally regulated bank holding company in a move which would give it access to a share of a 700 bn dollar bailo...
- GMAC posts $2.5 billion loss in Q2GMAC Financial Services said Thursday it swung to a $2.48 billion second-quarter loss, pulled down by a steep drop in the values of used tr...
- Private-equity firm denies selling stakes in Chrysler, GMAC to other investorsCerberus Capital Management LP has not sold any of its stake in Chrysler or finance company GMAC, a spokesman said on Monday.
- GM suffers largest-ever loss of $39 bn on deferred tax chargeGeneral Motors, the world’s biggest automaker, reported a $39 billion Q3 loss, its largest ever, after writing down $39 billion of future t...
- GMAC, PE cos likely to unveil rescue bid for Northern RockUS financial services group GMAC will lead a rescue bid for stricken bank Northern Rock, according to a media report on Sunday.
- US giant GMAC to back bid for Northern Rock: ReportUS financial services group GMAC will lead a rescue bid for stricken British bank Northern Rock, according to a media report on Sunday.
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