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Gmac Mortgage Newsgmac mortgageNEW YORK (Associated Press) - Moody's Investor Service downgraded the senior unsecured debt of GMAC LLC Friday, along with the debt of its mortgage business, Residential Capital LLC, following GMAC's launch of debt exchange offerings totaling $38 ... Read moreMoody's downgrades GMAC and mortgage arm - CNN MoneyGMAC said the change in status would shore up its capital position and help it to continue to provide automotive and mortgage financing. GMAC is majority owned by New York-based private equity firm Cerberus Capital Management LP, which also owns most ... Read moreGMAC move may trigger aid - Jackson Clarion-LedgerRALEIGH -- A local soldier is fighting to keep her home while she's fighting for us in Iraq. When she says she couldn't get answers from her mortgage company, she turned to Troubleshooter Diane Wilson. There's a law that protects active-duty soldiers ... Read moreA local soldier fights foreclosure issues - WTVDFitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: --$25.2 million class H to 'B' from 'BB-'; Outlook Stable; --$14.4 million class J to 'CC' from 'B' and ... Read moreFitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks - PR InsideDENVER (AP) --– GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status ... Read moreGMAC files for bank holding status - Tehran TimesDENVER -- GMAC Financial Services , the financing arm of General Motors, said yesterday that it applied to become a bank holding company, making it eligible for aid under the U.S. government's $700-billion (U.S.) bank rescue plan. GMAC said the ... Read moreGMAC seeks change in status - Globe and MailDENVER — GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government’s $700 billion bank rescue plan. GMAC said the change in status ... Read moreGMAC files for bank status - Oakland PressDENVER – GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government’s $700 billion bank rescue plan. GMAC said the change in status ... Read moreGMAC seeking slice of bailout - Fort Wayne Journal GazetteDetroit-based GMAC Financial Services has applied to become a bank holding company so it can tap into federal bailout funds approved by Congress in October. GMAC, the financing arm of General Motors Corp., currently does business as a financial ... Read moreGMAC applies for bank bailout funding - Detroit Free PressNov. 20 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac 's $1.7 trillion of corporate debt rose to records relative to benchmarks, as GMAC LLC's application for status as a bank holding company potentially creates more competition from issuers of ... Read more |
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