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Loan Modification

: The Truth About Mortgage.com

Government Could Grab Majority Stake in GMAC

By scot184

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The U.S. government may end up being the majority stakeholder in General Motor?s struggling finance unit GMAC, according to the Detroit News. The Treasury Department is reportedly preparing to offer the provider of auto and home loan financing another $7.5 billion, on top of the $5 billion extended back in December. The agency also loaned GM nearly [...]

Full post as published by The Truth About Mortgage.com on May 21, 2009 (boomark / email).

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