ResMor Statement On GM Filing

ResMor Trust, a subsidiary of GMAC Financial Services, says it’s business as usual, despite GM’s bankruptcy filing.

In a press release today, ResMor President/CEO, Tracie Tesser, said, “There are no actions that need to be taken as a result of this filing.”

GMAC Financial Services is a creditor of General Motors Corp. GMAC has not filed for bankruptcy, nor does it intend to, says ResMor.

ResMor Trust Company is a federally regulated trust company focused on providing residential mortgages, mortgage servicing and deposit products through independent brokers.  As of April 3, 2009, it had more than $5 billion of mortgages under administration representing more than 33,000 homeowners.

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