GMAC ResCap
GMAC ResCap, Inc. was a residential mortgage loan originator and servicer based in Minneapolis, United States. As a result of its exposure to subprime lending during the subprime mortgage crisis, the company filed for bankruptcy protection in 2012 and underwent liquidation in December 2013.
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1982 |
| Defunct | December 17, 2013 |
| Fate | Chapter 11 bankruptcy and liquidation |
| Headquarters | Minneapolis, Minnesota |
| Products | Mortgage loans |
| Parent | Ally Financial |
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.