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GMAC Mortgage, a unit of Ally Financial Inc., is continuing with new residential foreclosures despite a report it had stopped them, a spokeswoman said Monday.
But some evictions have been suspended while the company reviews its internal procedures, the company said. Get the full story »
General Motors Co. is looking to boost auto sales by lining up banks and other financial institutions to make loans and lease deals for buyers with poor credit.
The talks lessen the likelihood of GM trying to buy the auto finance business from Ally Financial Inc., its main lender. They also make it less likely that GM would start its own auto financing unit. Get the full story »
