GMAC Mortgage, LLC
Overview
GMAC Mortgage is one the nation's largest residential mortgage lenders -- which says a lot in these dark times. Part of parent General Motors' GMAC finance unit and under its Residential Capital wing, the company had originated and serviced loans nationwide under brand names including gmacmortgage.com and ditech.com, but in 2008 the company closed its wholesale mortgage operations, shutting all 200 of its retail storefront branches. It retained its ditech telesales unit, however, and will continue to buy mortgages. Cerberus Capital Management, along with Aozora Bank and Citigroup, owns 51% of GMAC Mortgage.
Sample OverviewKey Numbers from Hoover's UK
Key financials for GMAC Mortgage, LLC
| Company Type | Subsidiary of GMAC |
|---|---|
| Fiscal Year-End | December |
Key People from Hoover's UK
Key people and executives for GMAC Mortgage, LLC
| CEO, GMAC Financial Services | Michael A. (Mike) Carpenter (Subscribers see complete biographies -- view sample)
Connect to this executive |
|---|---|
| President; COO ResCap | Tony Renzi Connect to this executive |
| CFO, GMAC Financial Services | Robert Hull Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of GMAC Mortgage, LLC
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More Industry InformationSubsidiaries/Affiliates Covered By Hoover's UK
Subsidiaries/affiliates of GMAC Mortgage, LLC
