GMAC Mortgage LLC has announced that it has launched a Virtual Sales Network (VSN) to market its suite of mortgage products. This innovative new sales channel is expected to attract more home buyers ...

GMAC 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 ...

WASHINGTON – The Federal Reserve said on Friday that GMAC Mortgage will make $230 million in cash payments to borrowers, in a move that will end an independent, case-by-case review of potentially ...

GMAC LLC, the former finance unit of General Motors Corp., lost $724 million in the fourth quarter, it said, because homebuyers did not keep up with their mortgage payments. The net loss was narrower ...

GMAC Mortgage, LLC, the nation’s second largest subservicer, announced today it has added two mortgage banking veterans to its servicing operation. Connie Miller will serve as director of contract ...

A lawsuit that accused GMAC Mortgage of taking kickbacks and overcharging homeowners on force-placed insurance policies has survived a motion to dismiss. GMAC's mortgage unit will have to face a class ...

GMAC Mortgage said it plans to launch a virtual sales network to market its mortgage products. The company, a subsidiary of Fort Washington-based GMAC Residential Capital, said it expects to attract ...

David M. Applegate, who led both GMAC Mortgage and GMAC Bank during a 17-year career at General Motors Acceptance Corporation, has been named president and chief executive officer of Coppell, ...

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Dennis Moore and Walter Hackett for Plaintiffs and Appellants Mercedes Perlas and Len Villacorta. Severson & Werson and Jan T. Chilton; Wolfe & Wyman, Stuart B. Wolfe and Alice M. Dostálová for ...

WASHINGTON (Reuters) - The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and ...