GMAC Mortgage Corporation provides financial help to individuals who wish to purchase automobiles. They operate as a subsidiary unit of GMAC Residential Holding Company. Headquarter of the company is located at Fort Washington. The Corporation was founded in 1985. Presently, they have more than fifteen million customers. Their initial branches were inaugurated in the region of Detroit, New York, San Francisco and Toronto. Presently, Franklin Hobbs serves as the Chairman, William Muir is the president and Michael A. Carpenter is the Chief Financial Officer of the Corporation. They were engaged in partnership with the Department of Treasury of the United States during 2008.