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GMAC converted to Bank Holding company- Good NEws for GMAC

I recently took a chance on a CD from GMAC- good to see that I wont have to deal with an FDIC bailout situation. read more »
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GM GMAC to immediately resume auto financing for a broader spectrum of U.S. customers

GMAC Financial Services will immediately resume auto financing for a broader spectrum of U.S. customers as a result of expanded access to funding as [...] read more »
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Is Ally Bank’s Rate Strategy Working?

Ally Bank continues to pay some of the highest certificate of deposit CD rates in the country. Is their strategy working? read more »
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Ally Bank is the New GMAC

GMAC gets a name change. read more »
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Ally (formerly GMAC Bank) offers no-penalty CD

Ally Bank offers a CD that has no penalty for early withdrawal. A perfect place to stash your Emergency Fund cash... read more »
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GMAC Wants to Become Bank After Getting Access to Fed Program

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[...] read more »
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GMAC Posts Loss, Says ResCap Mortgage Unit May Fail

GMAC LLC, the financing arm of General Motors Corp. gripped by a cash squeeze, posted its fifth straight loss and said its mortgage unit may not sur[...] read more »
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How Are Those Loan Mods Coming? Sept. Edition

Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen their mortgage payment[...] read more »
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Avoid Dealership Arranged Finanace When Buying a New Car

Studies have shown that most of auto dealerships receive hefty kickbacks from banks and lending institution for sale of overpriced loans to new car b[...] read more »
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GMAC Bank 3.1% 2 Year CD

GMAC Bank 3.1% 2 Year CD read more »
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