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www.loan-academy.com/
GMAC Profile
Last Updated Saturday, November 24, 2012 02:16 PM Texas Time



ResCap Lands in Bankruptcy
Ally Financial Inc. has been considering the possibility of throwing Residential Capital LLC into bankruptcy for three years. Today, the auto-finance giant made the plunge. Joining ResCap in bankruptcy court were several other former big names in mortgage lending.


Company Name:

GMAC Mortgage LLC


Parent:

Ally Financial Inc. (FKA GMAC Inc.)


Related Companies:


Ally Bank formerly known as GMAC Bank

DiTech.com

GMAC Inc.
(formerly GMAC LLC)

GMAC Mortgage LLC

Homecomings Financial LLC

ResCap LLC

Residential Capital LLC

ResMor Trust


Stock Symbol:


privately held

Headquarters Address:

1100 Virginia Drive
Fort Washington, PA 19034


Number of Employees:


3,800 as of Sept. 5, 2012 (ResCap)

14,800 as of Dec. 31, 2011 (Ally)

14,400 as of Dec. 31, 2010 (Ally)

3,333 as of Dec. 31, 2008 (ResCap)

31,000 as of Sept. 30, 2007 (all of GMAC)


Web sites:

GMAC Bank Correspondent Funding
www.gmacbankcorrespondent.com

GMAC Financial Services
www.gmacfs.com


GMAC Mortgage
www.GMACMortgage.com

Residential Capital
www.rescapinfo.com

Job Openings:
www.GMACFS.com


Executives


Chairman (GMAC):

Franklin 'Fritz' W. Hobbs

CEO (GMAC):

Michael A. Carpenter

Chief Risk Officer (GMAC)

Sam Ramsey

Corporate Treasurer (GMAC)

Jeffrey Brown

Chairman (GMAC Mortgage Operations):

Thomas Marano

CEO (GMAC Mortgage Operations):

Thomas Marano

Chief Capital Markets Officer (GMAC Mortgage Operations):

Thomas Marano

President (GMAC Mortgage Operations):

Steven M. Abreu

Chairman of the Board (ResCap):

Thomas Marano

Vice Chairman (ResCap):

Joshua Weintraub

CEO (ResCap):

Thomas Marano

CFO (ResCap):

James Young

SVP Correspondent & Warehouse Lending division (GMAC):

Matt Detwiler

Director of Correspondent Community Banking (GMAC):

Doug Miller

Warehouse Lending Chief (ResCap):

Adam Glassner

EVP of Business Lending Sales and Mortgage Capital Markets:

Adam Glassner

EVP, Chief Servicing Officer:

Joseph Pensabene

President (GMAC Mortgage LLC):

Anthony Renzi

Senior Vice President of Wholesale Lending (GMAC Mortgage LLC):

Steve Gilcrest

SVP of business lending sales:

Jeffrey Lemieux


Number of Loan Correspondents:

900 as of March 31, 2011

Residential Production:

$8.6 billion as of March 31, 2012

$56.2 billion 2011

$69.5 billion 2010

$64.7 billion 2009

$55.1 billion 2008

$93.9 billion 2007

$161.6 billion 2006

$159.1 billion 2005

$147.0 billion 2004

$179.2 billion 2003


Mortgage Holdings


U.S. Servicing Portfolio:

$122.0 billion as of Sept. 30, 2012 (Ally)

$200.0 billion as of June 30, 2012 (ResCap est.)

$337.9 billion as of March 31, 2012

$350.7 billion as of Dec. 31, 2011

$355.7 billion as of Dec. 31, 2010
2.6 million loans


$349.8 billion as of Dec. 31, 2009

Prime Jumbo Assets:

$1.9 billion as of Sep. 30, 2010

Legacy Mortgage Assets:

$6.9 billion as of June 30, 2011

$7.8 billion as of Sep. 30, 2010

Total Held-for-Investment Mortgage Assets:

$9.3 billion as of March 31, 2012

$9.3 billion as of Dec. 31, 2011

$9.5 billion as of Dec. 31, 2010

$57 billion as of Sep. 30, 2009

Commercial Mortgage Assets:

$1.9 billion as of Dec. 31, 2011

$1.7 billion as of Dec. 31, 2010


Delinquency


Residential 30-day Delinquency:

3.3% as of March 31, 2012

3.3% as of Dec. 31, 2011

3.9% as of Dec. 31, 2010


Government Data on GMAC


FDIC Financial Statements (Ally Bank):

Latest Ally Bank Financial Statements

SEC Filings (GMAC Inc.):

GMAC SEC Filings



GMAC Headlines


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