GMAC Company Description
GMAC aims to be the MAC Daddy of global finance firms. With operations in 40 countries, GMAC offers financing to General Motors dealerships and their customers (and has begun diversifying to include other dealer franchises). It is also one of the largest mortgage issuers and servicers in the US, originating residential real estate loans, investing in mortgage-backed securities, and packaging nonconforming single-family home loans for sale to investors through Residential Capital. GMAC Insurance offers vehicle service contracts and home and auto coverage. Its commercial finance arm offers financing to middle-market businesses, as well as factoring and accounts receivable financing. GMAC was founded in 1919.
View the Comprehensive Company Description for GMAC
The Company Description provides a historical perspective of GMAC's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of GMAC's evolution in the marketplace.
