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Gmac Mortgage Corp


We found 18 articles about Gmac Mortgage Corp

Popular Articles

  • GMAC-Funded Home Buyers to Get Refunds

    Business | Denise Gellene | January 28, 1992
    GMAC Mortgage, the nation's fourth-largest mortgage lender, agreed Monday to refund homeowners at least $50 million to settle a lawsuit brought by attorneys general in California and 11 other states over inflated impound account payments. The settlement was the first to result from a two-year investigation into the way mortgage companies handle impound accounts.

  • GMAC considers changing bank status

    Business | Ken Bensinger | October 30, 2008
    GMAC, the financing arm of General Motors Corp., is taking steps to become a bank holding company, potentially giving it greater access to the government's $700-billion financial bailout package, according to sources familiar with the matter.

  • DiTech Funding to Be Bought by GMAC Mortgage

    Business | Daryl Strickland | March 23, 1999
    Ending months of speculation about its future, mortgage lending giant DiTech Funding Corp. of Irvine said Monday that it agreed to be acquired by GMAC Mortgage Corp.

  • GMAC Mortgage Will Acquire DiTech Funding

    Business | Daryl Strickland | March 23, 1999
    Ending months of speculation about its future, mortgage lending giant DiTech Funding Corp. of Irvine said Monday it agreed to be acquired by GMAC Mortgage Corp.

  • DiTech Founder Sues GMAC Over Payments

    Business | Daryl Strickland | August 31, 2000
    J. Paul Reddam, flamboyant founder of DiTech.com, alleged in a lawsuit that GMAC Mortgage Corp. has failed to pay $200 million that it owed after acquiring the Costa Mesa mortgage lender.

  • Bella Terra Mall Is Sold for $228 Million

    Business | Roger Vincent | September 1, 2005
    Bella Terra, a Huntington Beach mall undergoing a large-scale renovation, has been sold for $228 million to San Jose real estate investment advisor DJM Capital Partners Inc.
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Recent Articles
  • GMAC considers changing bank status
    Business | Ken Bensinger | October 30, 2008
    GMAC, the financing arm of General Motors Corp., is taking steps to become a bank holding company, potentially giving it greater access to the government's $700-billion financial bailout package, according to sources familiar with the matter. The lender, 49% owned by GM, is currently regulated as an industrial bank by the Federal Deposit Insurance Corp.
  • GMAC red ink hits $742 million
    Business | February 6, 2008
    GMAC posted a $724-million fourth-quarter loss Tuesday as more than 1 in 10 homeowners with GMAC mortgages fell behind on payments. The loss contrasts with a profit of $1 billion a year earlier, said the Detroit-based auto and mortgage lending company that is 49% owned by General Motors Corp.
  • MARKETS | Wall Street Roundup - Mortgage lender to cut 3,000 jobs
    Business | October 18, 2007
    Residential Capital, the mortgage unit of GMAC Financial Services, said Wednesday that it would eliminate 3,000 jobs, or 25% of its workforce, to cope with the housing downturn.
  • MARKETS / Wall Street Roundup - GMAC obtains $21.4-billion loan
    Business | September 13, 2007
    Bonds of mortgage and auto lender GMAC rallied Wednesday after Citigroup Inc. agreed to lend $21.4 billion to the company, which is owned by General Motors Corp.
  • Citigroup and Cerberus Seen in GMAC Bid
    Business | January 30, 2006
    Hedge fund Cerberus Capital Management and Citigroup Inc. have teamed up to bid for a controlling stake in General Motors Corp.'s GMAC financial services unit, people familiar with the situation said.
  • GMAC Agrees to Sell Loans to Scotia Capital
    Business | December 6, 2005
    General Motors Corp.'s GMAC financial services unit has agreed to sell as much as $20 billion in U.S. auto loans to Scotia Capital, the corporate and investment banking arm of the Bank of Nova Scotia.
  • Bella Terra Mall Is Sold for $228 Million
    Business | Roger Vincent | September 1, 2005
    Bella Terra, a Huntington Beach mall undergoing a large-scale renovation, has been sold for $228 million to San Jose real estate investment advisor DJM Capital Partners Inc.
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