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I believe, GMAC will survive. The new guidelines that they are using for home mortgages are extremely safe. Fully documented income, fairly low loan to value loans, and solid credit history usually is a safe bet. Josh Harmatz Voyage Financial Group
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∙ 14y ago
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How can one contact GMAC financial?
There are many ways for one to contact GMAC Financial. One can contact GMAC Financial by sending them an e-mail message to their official e-mail address.
Is gmac bank a reputable financial institution?
No, GMAC was in bad financial difficulties and had to be bailed out. Another bank had taken them over and continues to run the troubled bank.
What type of financial products does GMac Financing specialize in?
GMAC Financing specializes in auto financing for both private citizens as well as businesses. They offer a wide variety of financial services and solutions to meet the needs of their customers.
Who owns GMAC bank?
It is own by Ally Financial when it entered into an agreement to offer financial services to Chrysler dealers and customers in 2009,
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.
How can one contact GMAC financial?
There are many ways for one to contact GMAC Financial. One can contact GMAC Financial by sending them an e-mail message to their official e-mail address.
Is Deutsche Bank affiliated with gmac?
Deutsche Bank is creditor of GMAC which is now owned by Ally Financial.
Is gmac bank a reputable financial institution?
No, GMAC was in bad financial difficulties and had to be bailed out. Another bank had taken them over and continues to run the troubled bank.
What does gmac stand for?
GMAC stands for General Motors Acceptance Corporation. After the reorganization of General Motors it was renamed Ally Financial and is a bank holding company that provides mortgages and car loans and other financial services.
What is the phone number for GMAC Financial Corporate US?
800 200 4622
What type of financial products does GMac Financing specialize in?
GMAC Financing specializes in auto financing for both private citizens as well as businesses. They offer a wide variety of financial services and solutions to meet the needs of their customers.
Who owns GMAC bank?
It is own by Ally Financial when it entered into an agreement to offer financial services to Chrysler dealers and customers in 2009,
Why did auto manufacturers divest financing companies and others retain financing like GMAC vs Ford Motor Credit?
Ford had the assets to continue it's financial division and GMAC was subsidized with TAXZPAYER money to continue it's financial operations.
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.
When was Homecomings Financial founded?
The Homecomings Financial group was founded in 1995. It was created from the purchase of Mortgage Service America by GMAC-RFC. It had the prior name of Homeco Mings Financial Network.
Is Ally Bank Mormon owned?
Ally Bank is owned by GMAC Financial Services. None of the top executives at GMAC are members of the Church of Jesus Christ of Latter-day Saints (commonly called the "Mormon" Church). The Church itself is not affiliated with Ally Bank or GMAC in any way.
Was GMAC Mortgage ever affiliated with GreenTree Financial Corp?
Because of BK, GMAC sold its mortgages and notes and collection rights to Walter Management, who owns Green Tree. This happened the last week of January, 2013.
