General Motors Acceptance Corp. (GMAC), one of GM's many subsidiaries; and yet another is GMAC Mortgage, one of GMAC's indirect wholly owned subsidiaries. GMAC Mortgage is one of the nation's largest residential mortgage lenders. It originates and services residential mortgages through a countrywide network of retail offices, direct lending centers, and Web sites using the brand names GMAC Mortgage, ditech.com, and GM Family First.
The residential lending arm (GMAC Residential Holding Corp. operates under the following brand names
In 2002, the residential arm serviced over $72 billion dollars in loans. The overall GMAC Mortgage Group services over 2 million consumers in the United States for a total of $200 billion dollars.
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