GMAC revealed Thursday that it would not inherit Chrysler Financial's book of auto loans and leases. It is taking over being the lender for new financing to Chrysler dealers and consumers, according to a report from Dow Jones

The report said this could be a win-win situation for GMAC, which got a bank holding company charter in December to have the required funding to survive. The pact with Chrysler would imply thta GMAC will not be saddled with problems that could arise in Chrysler Financial's portfolio because of Chrysler's filing for bankruptcy.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.