GMAC has $2.52 billion loss; ResCap unit may fail (Reuters)

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A view of a five-bedroom and two-bath home in Detroit, Michigan September 23, 2007. (Rebecca Cook/Reuters)Reuters - Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by slumps in the housing and auto markets, and said its Residential Capital LLC mortgage unit may fail.

--- Reuters ...



categoriaPersonal Finance commentoNo Comments dataNovember 5th, 2008

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  • GMAC seeks bank status for rescue funding: report (Reuters)