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Every loan modification is assessed on a case by case basis. There are many loan workout programs available to homeowners who are having a difficult time paying their mortgage, and a loan modification is one of them.
GMAC does do loan modifications if you qualify for one and the best way for you to find this out is by calling them directly and inquiring. GMAC should be able to provide you with valuable information with regards to your opportunity to restructure your mortgage, but they, like all other banks, are most interested in recovering as much loss as possible so long as it is affordable to the homeowner; not the other way around.
My mortgage is with GMAC. Will I be able to get my loan modified?