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The government expanded its rescue of GMAC yesterday, pouring in another $7.5 billion investment, offering the auto finance firm government guarantees on its debt and granting it exemptions from.

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GMAC Mortgage, part of the home lending unit owned by Ally Financial Inc., will pay $230 million to compensate borrowers for improper handling of foreclosures, the Federal Reserve said today in a.

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NEW YORK (Reuters) – GMAC Mortgage, one of the largest servicers of U.S. residential loans, on Friday said that its errors in processing foreclosures were addressed months ago, and that it was.

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