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NEW YORK ( — The Federal Reserve on Wednesday opened the door for GMAC to get federal bailout money by granting the troubled General Motors finance arm status as a bank holding company..

NEW YORK (Fortune) — Will the third bailout be the charm for GMAC? The troubled auto and mortgage lender is looking for a third round of federal assistance. As part of this spring’s stress tests of.

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Ally Financial Inc., whose GMAC Mortgage unit halted evictions in 23 states amid allegations of mishandled affidavits, said its filings contained no false claims about home loans. The “defect” in.

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Don Flow, the man with an automotive network bearing his name, outlined a plan to turn the former GMAC building into a center of entrepreneurial growth, one that will steer the city’s effort to.

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