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Real Estate & Property Law

: Housing Wire

GMAC Confirms Discussions on Commercial Bank

By PAUL JACKSON

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GMAC Financial Services is in formal discussions with federal regulatory authorities regarding a potential shift into bank holding company status under the Bank Holding Company Act of 1956, the ailing financial services giant confirmed Wednesday morning. HousingWire covered news of GMAC’s pending transition on Wednesday, which would give the auto and mortgage financier direct access to [...]

Full post as published by Housing Wire on October 30, 2008 (boomark / email).

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