Finance company GMAC said it was exploring the sale of parts of its troubled mortgage-lending arm, Residential Capital, and the purchase of an international lending institution.
GMAC, 49% owned by General Motors Corp, said it had expressed interest in buying a large non-U.S. mortgage-lending institution. Its goal would be to combine ResCap's local mortgage business with the acquired institution. GMAC did not disclose the name of the lender.
