GMAC was formerly the finance arm of carmaker General Motors Losses at finance group GMAC have risen by more than a half after bad debts increased at its mortgage business. The company reported a loss of $3.9bn (£2.3bn) between April and June, up 56% on the $2.5bn loss it made a year ago. The loss included a $1.2bn charge related to the firm's conversion from a partnership into a public company. GMAC has...
Moishe Alexander Lending Blog
Learning about the Lending Process
The process of getting a loan can be fraught with danger. Fraud and scams can be avoided by due diligence and learning. But the lending process can be a positive experience and can help people achieve their dreams. My wish is that this site will help you past the hiccups and pitfalls to a place where getting a loan will be a happy experience.
Archive for Scam
Moishe Alexander Lending News, Alberta, August 4, 2009 - The decision was released Friday. Justice Vital Ouellette ruled that Scott Park, 43, is not guilty of conspiracy to commit fraud. This is seven months after Ouellette quashed over 40 connected charges. Scott Park is an urban lawyer and he has now been cleared on all counts. "Although there are certain transactions or documentation which raise suspicion and probability of membership by...