GMAC to sell European mortgage business (AP)
AP - GMAC Financial Services says it reached a deal to sell its European mortgage operations to an asset management firm, bringing it closer to its goal of withdrawing from the home financing business.
Tag Archive | "gmac"
GMAC spent $265K on fourth-quarter lobbying (AP)
Tuesday, March 30, 2010
AP - Struggling auto and mortgage lender GMAC spent $265,000 on lobbying in the fourth quarter, much less than before it received a $17.2 billion government bailout.
GMAC spent $265K on fourth-quarter lobbying (AP)
Tuesday, March 30, 2010
AP - Struggling auto and mortgage lender GMAC spent $265,000 on lobbying in the fourth quarter, much less than before it received a $17.2 billion government bailout.
GMAC expects $5B 4Q loss, selling mortgage assets (AP)
Tuesday, January 5, 2010
AP - GMAC Financial Services, the auto lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to its deeply discounted sales of underperforming mortgage loans.
GMAC expects $5B 4Q loss, selling mortgage assets (AP)
Tuesday, January 5, 2010
AP - GMAC Financial Services, the auto lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to its deeply discounted sales of underperforming mortgage loans.
Beazer Homes to offer new stock, convertible debt (AP)
Tuesday, January 5, 2010
AP - Beazer Homes USA Inc. said Tuesday it will begin offerings of new common stock and convertible subordinated debt. The home builder's shares tumbled in extended trading.
GMAC posts third quarter loss, hurt by mortgage unit (Reuters)
Wednesday, November 4, 2009
Reuters - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business.
Republicans Ride Economic Woes to Wins in Two States (Bloomberg)
Wednesday, November 4, 2009
Bloomberg - Nov. 4 (Bloomberg) -- Republicans swept governors’ races in New Jersey and Virginia as voters concerned about rising jobless rates and home record home foreclosures punished Democrats.
Pulte Homes posts third-quarter loss (Reuters)
Wednesday, November 4, 2009
Reuters - Pulte Homes Inc on Thursday posted a third-quarter loss that disappointed analysts, warning investors that homebuilding remains a challenged industry due to broad economic weakness and rising unemployment.
GMAC Financial posts wider 2Q loss of $3.9 billion (AP)
Tuesday, August 4, 2009
AP - GMAC Financial Services, which provides both automotive and home loans, says it posted a wider second-quarter loss of $3.9 billion as it transformed from an arm of General Motors Co. into an independent bank.
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Monday, April 12, 2010
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