A government watchdog is investigating government-owned GMAC Mortgage after a company employee admitted to approving thousands of foreclosures without reading the paperwork. The special inspector ...

A lawsuit that accused GMAC Mortgage of taking kickbacks and overcharging homeowners on force-placed insurance policies has survived a motion to dismiss. GMAC's mortgage unit will have to face a class ...

GMAC LLC, the former finance unit of General Motors Corp., lost $724 million in the fourth quarter, it said, because homebuyers did not keep up with their mortgage payments. The net loss was narrower ...

Ally Financial Inc. is reentering the mortgage business two years after it stopped making new home loans. Ally, whose defunct GMAC Mortgage unit was one of the biggest lenders of subprime mortgages in ...

GMAC Mortgage said it plans to launch a virtual sales network to market its mortgage products. The company, a subsidiary of Fort Washington-based GMAC Residential Capital, said it expects to attract ...