Matches in DBpedia 2014 for { ?s ?p GMAC ResCap (Residential Capital) is a financial service company that focuses on residential estate loans. It was part of GMAC which was then taken over by Ally Financial. Its corporate headquarters are in Minneapolis, Minnesota. Its subsidiaries include GMAC Mortgage and online home lender Ditech.On May 15, 2012, Ally put the company into bankruptcy. ResCap posted a $402 million loss in 2011 and had missed a $20 million payment on unsecured debt on April 17, 2012. ResCap listed $10.9 billion in mortgages on December 31, 2012, after wiping $22 billion in mortgages off its books in 2009, 2010 and 2011. The company had booked a substantial number of subprime mortgages. The bankruptcy was seen as a step by Ally to exit the mortgage business to focus on its profitable auto loan and direct banking business.. }
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- GMAC_ResCap abstract "GMAC ResCap (Residential Capital) is a financial service company that focuses on residential estate loans. It was part of GMAC which was then taken over by Ally Financial. Its corporate headquarters are in Minneapolis, Minnesota. Its subsidiaries include GMAC Mortgage and online home lender Ditech.On May 15, 2012, Ally put the company into bankruptcy. ResCap posted a $402 million loss in 2011 and had missed a $20 million payment on unsecured debt on April 17, 2012. ResCap listed $10.9 billion in mortgages on December 31, 2012, after wiping $22 billion in mortgages off its books in 2009, 2010 and 2011. The company had booked a substantial number of subprime mortgages. The bankruptcy was seen as a step by Ally to exit the mortgage business to focus on its profitable auto loan and direct banking business.".