Search for: "GMAC Financial"
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13 May 2011, 11:17 pm
This mortgage mêlée started last fall after GMAC became the country’s first “robo-signer,” admitting that they were employing signers who didn’t review documents prepared by the bank’s other departments. [read post]
7 May 2011, 6:37 am
In addition to Bank of America and JPMorgan, also taking part in those agreements were San Francisco-based Wells Fargo, New York-based Citigroup, the GMAC unit of Detroit-based Ally Financial, Aurora Bank FSB, EverBank Financial Corp., HSBC Holdings Plc, OneWest, MetLife Inc., PNC Financial Services Group Inc. [read post]
24 Apr 2011, 4:18 am
He is also the only incorporator of Diversified Financial Protection Agency. [read post]
19 Apr 2011, 12:41 pm
The list of servicers, in alphabetical order, includes: Ally Financial/GMAC, Aurora Bank, Bank of America, Citigroup, EverBank, HSBC, JPMorgan Chase, MetLife, OneWest Bank, PNC Financial, Sovereign Bank, SunTrust, U.S. [read post]
15 Apr 2011, 7:50 pm
Several other mortgage servicers are included in the government's crackdown to improve internal processing methods, including: the GMAC unit of Ally Financial Inc., Aurora Bank FSB, EverBank Financial Corp., HSBC Holdings Plc, OneWest, MetLife Inc., PNC Financial Services Group Inc., Sovereign Bank, and US Bancorp also signed consent agreements with regulators. [read post]
4 Apr 2011, 1:27 pm
On April 1, 2011, the Acting Special Master for TARP Executive Compensation, Patricia Geoghegan, released 2011 compensation determinations for the “top 25” executives at the four remaining companies that received exceptional TARP assistance—AIG, Ally Financial (formerly GMAC), Chrysler and GM.... [read post]
24 Mar 2011, 7:16 pm
The investigation, announced Oct. 13, 2010 came after JPMorgan and Ally Financial's GMAC mortgage unit said they would stop repossessions in 23 states where courts supervise home seizures, and Bank of America, the largest U.S. lender, froze foreclosures nationwide. [read post]
24 Mar 2011, 10:00 am
The former Balboa employee, revealed the emails from the company who deals in force-placed insurance coverage on mortgages, working closely with Countrywide Financial and as such, Bank of America, who bought Countrywide a few years ago. [read post]
23 Mar 2011, 11:39 am
General Motors is selling all of its preferred shares in Ally Financial, formerly known as GMAC, through a $1 billion offering. [read post]
10 Mar 2011, 3:00 pm
On Sept. 21, Judge Peter Mayer of Suffolk County delayed a foreclosure by Ally Financial’s GMAC mortgage unit after noticing that the paperwork transferring the mortgage to the bank was dated two days after the foreclosure was initiated. [read post]
2 Mar 2011, 7:41 pm
Lawyers for banks ensnared in a nationwide robo-signing foreclosure scandal -- including JPMorgan Chase, Bank of America and GMAC's Ally Financial -- are scheduled to meet with Edward Dauber, the court's lawyer in the case, to discuss a possible deal this morning, court documents show. [read post]
14 Feb 2011, 7:07 am
Attorney Thomas Cox of Portland, Maine, who you may remember from the “GMAC uses robo-signers deposition” that brought foreclosures to a standstill last fall, says that in his opinion… “He (Judge Grossman) does the most thorough and competent analysis of the MERS charade that I have seen, basically concluding that the entire MERS business model does not comply with our laws, and that he will no longer accept MERS mortgage assignments in his court room. [read post]
7 Feb 2011, 4:04 pm
(f/k/a GMAC Commercial Holding Corp.) [read post]
7 Feb 2011, 11:29 am
If you owe a debt to GMAC for a car and GMAC does not file a claim, GMAC will not be paid. [read post]
2 Feb 2011, 2:12 am
Should homeowners join Kramer and Kaslow’s “Mass Joinder” lawsuit against Bank of America or any of the other banks being sued by Attorney Phillip Kramer or Attorney Mitchell Stein? [read post]
26 Jan 2011, 5:00 pm
Some, including Bank of America and Ally Financial Inc. [read post]
22 Jan 2011, 1:32 pm
The investigation, announced Oct. 13, 2010 came after JPMorgan and Ally Financial's GMAC mortgage unit said they would stop repossessions in 23 states where courts supervise home seizures, and Bank of America, the largest U.S. lender, froze foreclosures nationwide. [read post]
22 Jan 2011, 7:50 am
But I want to make sure we all understand what’s at the core of this situation… what caused Bank of America, JPMorgan Chase, Wells Fargo, and GMAC, et al, to employ “robo-signers,” and attempt to foreclose using fraudulent affidavits claiming that each bank had lost the actual notes. [read post]
20 Jan 2011, 4:12 am
Last month, the Judge chastised JP Morgan Chase, Bank of America and GMAC's Ally Financial for shoddy practices and ordered them to prove that they have cleaned up their acts. [read post]
14 Jan 2011, 10:55 pm
A month later, in July, GMAC apologized for their error. [read post]
