NEW YORK, Dec 10 - Auto and mortgage lender GMAC said on Wednesday that only a fraction of its bondholders agreed to swap their debt,...
The U.S. government said on Monday it was pumping $5 billion into auto and mortgage lender GMAC LLC and lending up to $1 billion to automaker General Motors, ensuring the solvency of a company considered crucial to GM's survival...
CHICAGO, May 23 - Auto and mortgage lender GMAC LLC plans to slash $1 billion in costs this year, or about 20 percent of its expenses, according to media reports on Saturday that cited an...
* $11.5 billion capital shortfall * Fewer options than other lenders NEW YORK, May 7 - GMAC LLC, the auto and mortgage lender, will likely be forced to seek more taxpayer help in its effort...
Grim U.S. economic data nudged the U.S. dollar lower versus the euro on Tuesday, while bargain hunters boosted global share prices, helped by news of government aid for U.S. auto and mortgage lender GMAC...