UPDATE 1-GMAC capital need less than thought-Geithner


* GMAC may need less capital than expected-Geithner * Geithner declines to comment on how much GMAC needs WASHINGTON, Oct 29 (Reuters) - GMAC Financial Services may not need as much funding as U.S. officials had projected in its third tranche of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said on Thursday. "We're likely to have to put in less capital than we expected," Geithner told the House of Representatives Financial Services Committee. Geithner did not say ...

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