Items Tagged with 'GMAC'

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Ally Financial getting back into mortgage business

Two years after dropping mortgages completely
Two years after being completely driven from the mortgage business due to the losses suffered by its former subsidiaries, GMAC Mortgage and Residential Capital, also known as ResCap, Ally Financial is getting back into mortgages.
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MBIA raises money selling put-back claims

Sales involve claims related to insured loans from RFC, ResCap and GMAC
Monoline insurer MBIA managed to distance itself from loans tied to the bankruptcy estates of Residential Funding Co., Residential Cap and GMAC. The company sold its interest in claims against the firms this week.
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