Quick Stats

Type – Private
Founded – 1919
Headquarters – Detroit, Michigan United States
Key people – Michael Carpenter, CEO
Industry – Financial Services
Products – Mortgage loans
Revenue – US$ 21.187 Billion (2007)
Net income – US$ 2.332 Billion (2007)
Employees – 31,400 (2006)
Website – gmacfs.com

For all GMAC financial services including GMAC payment center and moe GMAC News visit their website

Recent History

On December 29, 2008, the United States Department of the Treasury gave GMAC $5 billion from its $700 billion Troubled Asset Relief Program (TARP).

As of May 15, 2009, GMAC’s banking unit officially changed its name to Ally Bank. And from June 2009, approximately 40.1% of GMAC was owned by Cerberus Capital Management and related investors, 35.4% by the United States Treasury, 9.9% by General Motors, and the remaining in a blind trust.

Divisions

GMAC Financial Services

This is the parent for GMAC Real Estate

Nuvell Financial Services continues to operate Semperian within its automotive financing division. Semperian provides customer relationship management, servicing, and collection through several inbound call centers across the US, primarily for customers residing in the GMAC portfolio.