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Real Estate & Property Law

: Housing Wire

For GMAC, ResCap, a Merry Christmas; But a Happy New Year?

By DIANA GOLOBAY

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GMAC Financial Services announced the day before Christmas that its application to become a bank holding company had been approved by the Federal Reserve. GMAC Bank also said it had received approval from the Utah Department of Financial Institutions to convert to a state bank. “As a bank holding company, GMAC will have expanded opportunities [...]

Full post as published by Housing Wire on December 29, 2008 (boomark / email).

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