Topic: GMAC LLC
GMAC expects $5B 4Q loss, selling mortgage assets
AP News
<div id="subtitle">GMAC expects $5B loss in 4th quarter, mostly from writing down mortgage assets for sale</div><div><p>GMAC Financial Services, the consumer lender now majority owned by the government, said Tuesday it expects to report a loss of ...
GMAC sees $5 billion Q4 loss after latest bailout
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - GMAC Financial Services &lt;GKM.N&gt;said on Tuesday that it expects to post a combined fourth-quarter loss of about $5 billion largely on charges related to the auto and home finance company's bid to write down ...
US takes controlling stake in GMAC in third bailout
AFP Global Edition
<div><p>The US government threw troubled GMAC a third lifeline, of 3.8 billion dollars, and took a controlling stake in a bid to turn around the mortgage and auto lender.</p><p>The Treasury said the move would raise its ...
US Treasury injects 3.8 bln dlrs into ailing GMAC
AFP Global Edition
<div><p>The US government unveiled a 3.8 billion dollar fresh capital injection into troubled GMAC, the former finance arm of General Motors that became a bank to access federal aid.</p><p>The capital infusion will give the government a ...
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