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Ally Financial Inc. (known as GMAC until 2010) is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
Ally was rebranded from GMAC Bank, a subdivision of the century-old General Motors Acceptance Corporation (GMAC), units of which had faced bankruptcy during the subprime mortgage market collapse ...
GMAC ResCap, Inc., earlier Residential Funding Company LLC and Residential Capital Corporation, was a residential mortgage loan originator and servicer based in Minneapolis, Minnesota. It was a subsidiary of GMAC (now Ally Financial ).
Ally Financial (General Motors Acceptance Corporation), traded as GMAC until 2010; GMAC Insurance, former name of National General Insurance; GMAC Real Estate, a former real estate franchised brokerage firm; GMAC ResCap (Residential Capital), which includes GMAC Mortgage; Graduate Management Admission Council, an international association of ...
Illinois Attorney General Lisa Madigan is demanding a meeting with mortgage lender Ally after an employee testified the company rubber-stamped thousands of affidavits supporting home foreclosures ...
Ally Financial, which used to be lending arm GMAC for GM, went through an extreme makeover. The result is a separate company hoping to become a public one able to access capital by selling stock.
General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
Ally Financial's home loan unit, GMAC Mortgage, has a 13-person team dedicated to processing and signing all the foreclosure and eviction paperwork. The head of that team was tasked with reviewing ...