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San Luis Obispo Tribune - New location for GMAC Mortgage GMAC Mortgage LLC recently opened a new home loan finance office at 6575 Morro Road in Atascadero. “We are very pleased to return to the Atascadero market,” Danny Krueger, associate district manager, said.

Biz Buzz: Tribune to outsource production positions

Santa Cruz Sentinel - Last November, GMAC Mortgage, one of the nation's biggest mortgage originators, recruited most of the staff of Santa Cruz Financial, a locally owned mortgage company.

Santa Cruz County real estate firms respond to downturn: American ...

Forbes - Just last month, S&P downgraded GMAC and its subsidiaries, including the mortgage company ResCap (Fitch also included ResCap in its downgrade)

Debt Doom?

Bloomberg - In February, the buyout firm said GMAC LLC, the U.S. auto and mortgage lender it acquired in 2006, may run into ``substantial difficulty'' if credit markets don't improve.

Aozora Shares Gain on Cerberus Offer to Raise Stake (Update4)

BusinessWeek - But Henderson sold half of GMAC right before its mortgage business started hemorrhaging. That still hurts GM’s profits, but at least Cerberus is around the share the pain.

GM's Succession Plan Gets Clearer

Detroit News - He was director of mortgage banking at General Motors Acceptance Corp., followed by a promotion to vice president of finance at GMAC. In 1994, he took over as head of operations at GM's sprawling Automotive Components Group, the parts-making division ...

GM gives Henderson big role

Wall Street Journal - He said the economy and worries about GM's investment in a troubled mortgage firm, GMAC LLC's ResCap, are weighing on the stock. As finance chief, Mr.

Wagoner Outlines His Role In GM's Hierarchy

Wall Street Journal - Henderson was appointed to run GMAC's mortgage banking operations, and then ran certain auto parts operations until 1996. In 1997, he took over GM's operations in Brazil, considered a training ground for GM executives because of the complexities of ...

GM Shuffles Executive Ranks

PR Newswire - RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to create ... Valley offers a wide range of deposit products, mortgage loans and cash management services to consumers and businesses ...

Valley National Bank Joins RouteOne

Detroit Free Press - GMAC vowed to make money on auto and mortgage lending in 2008 after falling home prices and record U.S. foreclosures led to a $2.3 billion loss last year. ResCap lost $4.3 billion, prompting Moody's Investors Service to cast doubt on GMAC's continued ...

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