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Gmac Seeks Access To Bank Bailout Funds - Wall Street Journal
gmac llc, the big lender co-owned by general motors corp. and investor group cerberus capital management lp, is seeking to become a bank holding company to gain access to a piece of the government's $700 billion financial rescue plan, according to ...
online.wsj.com

Auto Briefs
gmac llc , the money-losing auto finance and home-loan lender, said it was granted access to the federal reserve's new short-term funding facility. "we did apply and we were approved to participate," said gina proia, a spokeswoman for the detroit-based company. she declined any further comment. voice-mail messages left for ford motor credit and chrysler llc's chrysler financial spokesmen weren't ...
www.detnews.com

Gmac Unit Ends Auto Loans In Seven European Countries (update2)
oct. 28 (bloomberg) -- gmac llc , the money losing home-loan and auto finance lender, will halt new vehicle loans through its financial services unit in seven european countries as global credit markets deteriorate.
www.bloomberg.com

Auto Briefs - Detroit News
gmac llc , the money-losing auto finance and home-loan lender, said it was granted access to the federal reserve's new short-term funding facility. "we did apply and we were approved to participate," said gina proia, a spokeswoman for the detroit ...
www.detnews.com

Direct auto Loan Lenders Center – Best Rated Bad Credit Auto Loan ... - Webwire
consumers nationwide turn to direct auto loan lenders in order to save money on interest rates, refinancing auto loan options arise as a good alternative because of the current economic state. but how about those having no credit or poor credit? the ...
www.webwire.com

Weaver Auto Furloughs 22 Workers
weaver truck and auto center has furloughed 22 workers, and its gmac-bankrolled vehicles are being removed from the lot friday as expected.
www.theunion.com

Gmac Added To Commercial Paper Plan, May Become Bank (update4)
oct. 29 (bloomberg) -- gmac llc , the money-losing auto finance and home-loan lender, is seeking to become a bank holding company after gaining access to the federal reserve's new program designed to unlock short-term commercial credit markets.
www.bloomberg.com

Gmac Says Fed Grants Access To Commercial-paper Plan (update3) - Bloomberg
oct. 28 (bloomberg) -- gmac llc , the money-losing auto finance and home-loan lender, said it was granted access to the u.s. federal reserve's new program to help unlock short-term commercial credit markets. ``we did apply and we were approved to ...
www.bloomberg.com

Gmac Wants To Become Bank After Getting Access To Fed Program - Bloomberg
oct. 29 (bloomberg) -- gmac llc , the money-losing auto finance and home-loan lender, is seeking to become a bank holding company after gaining access to the federal reserve's new program designed to unlock short-term commercial credit markets. the ...
www.bloomberg.com

Fed, Paulson Pressured To Assist Auto Industry Or Face `crash'
oct. 31 (bloomberg) -- general motors corp. 's pursuit of federal aid ahead of a merger with chrysler llc gathered momentum as six governors and presidential candidate barack obama prodded the government to help the auto industry.
www.bloomberg.com

Gmac Says Fed Grants Access To Commercial-paper Plan (update3)
oct. 28 (bloomberg) -- gmac llc , the money-losing auto finance and home-loan lender, said it was granted access to the u.s. federal reserve's new program to help unlock short-term commercial credit markets.
www.bloomberg.com

Treasury Injects $125 Million Into Banks - Minneapolis Star Tribune
the treasury department has made the first payments from the $700 billion economic-stimulus fund, a total of $125 billion in stock purchases from nine major financial institutions. treasury officials on wednesday released a report on the payments ...
www.startribune.com

Smart Shopping Key To Getting That Car Loan - Detroit Free Press
about a year ago, about 90% of consumers with credit scores in the mid-600s or higher easily would get approved for a car loan. even people with less-than-perfect credit histories had no trouble getting a loan. now, only about 60% of those consumers ...
www.freep.com

Gmac Debt Risk Falls As It Seeks Bank Holding Company Status
oct. 29 (bloomberg) -- the cost of protecting against a default by gmac llc fell to the lowest in more than a month as the auto finance and mortgage lender sought a new bank status that may give it access to cash from the u.s. treasury's $700 billion rescue plan.
www.bloomberg.com

Recent Survey Reveals D.c. Area Consumers' Auto Financing Perceptions In Tightening Economy
survey shows more d.c. auto shoppers comparison shopping from multiple sources than in 2006
news.yahoo.com

Michigan Business News In Brief: Dow Stake To Earn 8.5% - Detroit Free Press
billionaire investor warren buffett's berkshire hathaway inc. will earn 8.5% interest on $3 billion in preferred shares in dow chemical co., in an investment that's allowing the chemical maker to buy rival rohm & haas co. the rate was included monday ...
www.freep.com

In A Gm Merger, Half Of Chrysler's Plants Could Close - Businessweek
the federal reserve can also help detroit quite a bit. gmac financial services, the lender that's 51% owned by private equity firm cerberus capital management (which is also chrysler's majority owner) and 49% by gm, has applied for status as a bank ...
www.businessweek.com

Car Dealership Being Investigated For Fraud
gresham, ore. -- police served search warrants at four locations thursday associated with auto link, a car dealership on southeast stark street after claims that the business ripped off at least 25 people.
www.kptv.com

Auto Companies Seeking More Aid
beleaguered u.s. automakers are seeking federal help beyond the money available for them as part of a financial industry bailout and a loan package to fund more fuel-efficient cars, the white house said tuesday.
www.record-eagle.com

Butte Community Bank Ranked Among Top Business And Industry Lenders In ... - Cnbc
chico, calif., oct 31, 2008 /prnewswire-firstcall via comtex/ -- butte community bank, a subsidiary of community valley bancorp, announced today that it processed the second largest dollar amount of usda business and industry (b&i) guaranteed loans ...
www.cnbc.com