Profitability continued to elude GMAC Inc. in the third quarter amid persistent losses stemming from toxic mortgage loans.

Despite extraordinary help from the  government - including $12.5 billion of federal funds and access to cheap debt - GMAC is struggling to return to the black as it takes hit after hit on its mortgage unit, Residential Capital LLC. ResCap, one of the largest lenders to borrowers with shaky credit, is still reeling from risky loans it made at the peak of the real estate market.

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