Treasury to Give $3.8 Billion More to GMAC in a Third Taxpayer Bailout -

The financing will allow GMAC to sell off unprofitable mortgage assets at a deep discount, resulting in big charges upfront but making the company more viable and attractive to investors.

The government’s stake in GMAC, which handles financing for customers and dealers of both General Motors and Chrysler, will rise to 56 percent, from 35 percent.

Cerberus Capital Management, the private equity firm that bought a majority stake in GMAC in 2006 and later briefly owned Chrysler, now will hold 14.9 percent of GMAC. Third-party lenders will own 12.2 percent, and 16.6 percent will be owned or managed indirectly by G.M.,

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