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9 Feb 2012, 9:56 am
The terms of the settlement deal — which are binding upon Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial (formerly GMAC) — require the banks to reduce the outstanding balance of many mortgages, refinance others and also send out checks to thousands of Americans who were improperly foreclosed on or facing an unlawful foreclosure suit. [read post]
9 Aug 2012, 3:00 pm
The settlement involves country’s five largest loan servicers: ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO. [read post]
13 Oct 2010, 10:44 am
Just last week, Bank of America, JPMorgan Chase, and GMAC (a unit of Ally Financial Inc.) all announced that they were halting foreclosure proceedings. [read post]
12 Oct 2008, 12:55 pm
In practice, this is the most significant right available to borrowers who find themselves in financial difficulties and, in most cases, is sufficient to keep a borrower in their home. [read post]
14 Oct 2014, 8:15 am
Morgan Chase Bank, GMAC Mortgage, LLC, and National City Bank. [read post]
10 Jan 2023, 9:40 am
The Commission implemented four of the GMAC report’s recommendations. [read post]
4 Apr 2012, 7:14 am
You probably heard about the Bank of America/Chase/Citigroup/Wells Fargo/GMAC (Ally) settlement from the attorneys general of 49 states. [read post]
23 Feb 2012, 2:20 pm
GMAC v. [read post]
5 Feb 2010, 6:05 am
Editor’s Note: Hal Scott is the Director of the Program on International Financial Systems at Harvard Law School. [read post]
4 Sep 2011, 2:05 pm
Ally Financial Inc. f/k/a GMAC, LLC 2. [read post]
13 Jun 2012, 6:30 am
(formerly GMAC), filed for Chapter 11 bankruptcy protection in New York on May 14, 2012. [read post]
9 Oct 2010, 11:21 am
Over at the New York Times, Ron Lieber has an article today with a new angle on the document problems that have caused mortgage lenders like GMAC Mortgage, JP Morgan Chase, and Bank of America to call a halt to foreclosure proceedings. [read post]
4 Sep 2008, 12:09 pm
Feinberg, one of the country's most powerful and secretive financiers, hoped to make a fortune out of the detritus of the American auto industry. [read post]
20 Oct 2010, 6:34 am
” Related posts:Senate Shockingly Passes Bill That Could Bail The Banks Out Of Foreclosure-Gate Ally’s GMAC Mortgage Halts Home Evictions in 23 States AZ Attorney Indicts 38 on Mortgage Fraud [read post]
27 Oct 2010, 8:59 pm
We've been saying for weeks that the robo-signers are merely a symptom of much deeper troubles wracking the foreclosure mill law firms and their clients, the big banks such as Bank of America, GMAC, Citigroup, Wells Fargo, Chase, and others. [read post]
27 Oct 2010, 8:59 pm
We've been saying for weeks that the robo-signers are merely a symptom of much deeper troubles wracking the foreclosure mill law firms and their clients, the big banks such as Bank of America, GMAC, Citigroup, Wells Fargo, Chase, and others. [read post]
1 May 2012, 3:52 am
There’s a lot more financial institutions involved in this Wild West mess than these banks. [read post]
6 May 2009, 10:01 pm
GMAC appealed. [read post]
3 Feb 2015, 1:57 pm
As detailed in the plea agreement, Rojas purchased a single family home in 2006, for $935,430, which he financed by taking out two mortgages from Homecomings Financial Network, a GMAC company (“GMAC”). [read post]
7 Aug 2012, 7:28 am
Mortgage lenders are now much more liberal and willing to work with homeowners than they were at the beginning of the financial crises. [read post]