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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 (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is actually pretty important because it speaks to Ally Financial's ...
Ally Financial was created when it was spun off of General Motors. Prior to the 2014 spinoff, it was GM's financing arm. So it shouldn't be surprising to find out that auto loans are a massive ...
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 ...
GMAC Real Estate was founded in 1998, when GMAC (now Ally Financial) bought the Better Homes and Gardens Real Estate brand from Meredith Corporation. [2]In 2001, John Bearden was named president and CEO of GMAC Home Services, the parent company of GMAC Real Estate.
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 ...