GMAC Inc., the auto and home lender that's deciding the fate of its Residential Capital LLC unit, said asset sales may include some ResCap holdings in the U.S., U.K. and Europe.
Management could sell "ResCap's U.K. and continental Europe operations as well as certain domestic mortgage-related assets held by ResCap," the Detroit company said in a federal filing Tuesday.
"ResCap will seek to retain limited assets related to these business platforms, consisting of certain performing loans in the United Kingdom, certain German mortgage-backed securitization subordinated bonds and operating cash."
The filing reiterated doubt about ResCap's ability to continue as a going concern.
