Ditech
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Questions Arise as GMAC Looks to Expand Lending
Aug 10, 2009GMAC Financial Services announced last week it will step up its correspondent and warehouse lending volume. The announcement comes, however, at a time when outsider observers are questioning the viability of GMAC’s Residential Capital division and other warehouse lenders are facing increased stress and government scrutiny. CreditSights, a debt ratings agency, said GMAC may reallocate ResCap’s desirable assets to other parts of GMAC and leave behind $11.4bn in debt to spin off the company and “put ResCap out of its misery,” in a report it issued last week.
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ResCap’s Neary Resigns, Glassner Assumes EVP Role
Jul 28, 2009 -
SilverLeaf Snags $28 Million in Assets
Jul 13, 2009 -
Despite ResCap’s $981 Million Loss, GMAC Posts Gain
Feb 03, 2009 -
GMAC, ResCap Running Out of Time
Dec 11, 2008 -
GMAC Latest to Seek Bank Status, Access to Treasury Funds
Nov 20, 2008 -
ResCap’s Marano Expresses Support for Loan Mod Plan
Nov 13, 2008 -
ResCap’s Future In Doubt, Says GMAC
Nov 05, 2008 -
GMAC Confirms Discussions on Commercial Bank
Oct 30, 2008 -
GMAC Looks to Become Commercial Bank, Gain TARP Access
Oct 29, 2008 -
GMAC Sells Home Services Unit
Sep 23, 2008 -
GMAC’s Bluster?
Sep 04, 2008
