GMAC Made Risky Subprime Mortgage Loans

2008 December 31

December 31 2008 - GMAC is the most recent beneficiary of a government bailout. As the financing arm of General Motors, it supplies funding for auto dealers to buy inventory and credit for consumers to buy cars. It is also a major player in the home mortgage market.

GMAC Made Risky Subprime Mortgage Loans

New Year’s resolutions for homebuyers
Real Estate Trends Report 2009

Share