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GMAC or General Motors Acceptance Corporation is a diversified, global financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses.
Founded in 1919 as a wholly owned subsidiary of General Motors Corp., GMAC was established to provide GM dealers with the financing necessary to acquire and maintain vehicle inventories and to provide customers a means by which to finance vehicle purchases. The company's products and services have since been expanded and now include three primary lines of business: automotive financing, real estate financing and insurance. On Nov. 30, 2006, GM sold a 51 percent controlling interest in GMAC to a consortium of investors led by Cerberus Capital Management, L.P., a private investment firm, and included Citigroup Inc., Aozora Bank Ltd. and a subsidiary of The PNC Financial Services Group, Inc.
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∙ 15y ago
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What is the address of GMAC?
What is the address for GMAC
When was GMAC Insurance created?
GMAC Insurance was created in 1939.
What is GMAC ResCap's population?
GMAC ResCap's population is 14,000.
How do you get lien release from gmac?
How do u get a lien release from gmac
When was GMAC Real Estate created?
GMAC Real Estate was created in 1998.
Does GMAC offer home insurance?
GMAC does offer homeowners insurance. You can find out more at their website. You can get a quote for the insurance online or through a local GMAC agent.
Did gmac mortgage take over wmc mortgage?
GMAC mortgage is no longer in business
Who is the president of GMAC Mortgage?
what is the address of alva de moline, the ceo of gmac mortgage
Who owns Ally Bank?
Ally bank is part of GMAC and was formerly known as GMAC Bank.
Who owns gmac?
GMAC split from General Motors and became its own bank wholly owned by itself.
Is Deutsche Bank affiliated with gmac?
Deutsche Bank is creditor of GMAC which is now owned by Ally Financial.
Does GMAC Mortgage LLC exist?
The company that used to be known as GMAC is now Ally Financial.Ally put the GMAC ResCap subsidiary (the one that included GMAC Mortgage) into bankruptcy in 2012, because of substantial losses; they wanted to get out of the mortgage business and focus on their highly profitable automotive financing business (General Motors Acceptance Company is where GMAC got its name from originally).This doesn't mean that a GMAC Mortgage LLC doesn't exist, but I'd be wary of dealing with them: if it's "really" GMAC, then they're in financial difficulty; if not, they're deliberately using a misleading name.
