Topic: GMAC LLC
Earns GMAC
AP News
Government-owned GMAC loses $5 billion in 4Q
AP News
GMAC reports $5 billion loss in 4th quarter, as money-losing mortgage unit weighs on resultsHome and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter. GMAC ...
GMAC posts $5 billion Q4 loss
Reuters US Online Report Business News
NEW YORK (Reuters) - GMAC Financial Services, a lender that is majority-owned by the U.S. government after multiple bailouts, said it lost $5 billion in the fourth quarter after writing down bad mortgage assets. GMAC, one of the largest car loan makers in the United States, said in December that ...
GMAC expects $5B 4Q loss, selling mortgage assets
AP News
GMAC expects $5B loss in 4th quarter, mostly from writing down mortgage assets for saleGMAC Financial Services, the consumer lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to deep writedowns on underperforming mortgage loans ...
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