Thursday, March 23, 2006

G.M. Sells 78% of GMAC Mortgage Unit for $1.5 Billion - New York Times

GM Sells 78% of GMAC Commercial Mortgage for $1.5 Billion

This is not a sale of General Motors Acceptance Corporation. This is a sale of commercial mortgage interests only. This could be a harbinger of a piecemeal sale of GMAC.

G.M. Sells 78% of GMAC Mortgage Unit for $1.5 Billion - New York Times

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