Congressional Oversight Panel wants to see "clear path to viability." WASHINGTON, March 11, 2010— -- A bailout watchdog warned Thursday that the three infusions of federal for troubled lender ...

Just as an earthquake in Chile can start a tsunami in Hawaii, the used-car business has a profound ripple effect on the new-car business. For instance, a drop in used-car values forced GMAC to write ...

GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto ...

WASHINGTON — The auto financing giant GMAC relinquished its exclusive right to provide financing to people buying General Motors Corp. vehicles in exchange for as much as $6 billion in federal aid.

Add Yahoo as a preferred source to see more of our stories on Google. GMAC has updated its global admissions reporting standards to tighten score reporting, clarify test waivers and GPA disclosures, ...

The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing company struggles with hefty losses in its home mortgage unit. The ...

GMAC Financial Services, the consumer lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to deep writedowns on ...

The year 2009 and the decade of the "aughts" may be nearly over but that doesn't mean federal bailouts of financial institutions are. The U.S. Treasury will be pumping new money into GMAC Financial ...

An investor group led by Kohlberg Kravis Roberts & Co., Five Mile Capital Partners LLC, and Goldman Sachs Capital Partners finally closed its deal for a majority stake in General Motors Corp.'s ...