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3 May 2010, 11:00 pm
GMAC Financial Services, a lender majority-owned by the government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages. [read post]
28 Oct 2009, 10:27 am
As part of the initial bailout, GMAC, which finances three-fourths of General Motors car loans and provides mortgages, insurance and other services, transformed into a bank holding company, which enabled it to receive Treasury aid. [read post]
21 Apr 2010, 5:31 pm
Aurora 1st mortgage: Old payment PITI: $2856.59 New payment PITI: $1427.48 Savings: $1429.11 GMAC: 2nd mortgage: Old payment at 11.625%: $406.88 New payment at 5%: $258.89 Savings: $149.99 Total combined monthly savings: $1577.10 [read post]
7 Oct 2010, 10:44 am
Ohio’s Attorney General has sued GMAC Mortgage and its parent Ally Financial Inc. alleging that GMAC, acting as a mortgage servicer, filed fraudulent documents during court proceedings in which GMAC was foreclosing on homes in Ohio. [read post]
27 Sep 2010, 7:03 am
Our Yucaipa loan modification attorneys were interested to see a Sept. 21 report saying GMAC Mortgage is suspending its foreclosure evictions and sales in many states. [read post]
29 Sep 2010, 7:19 am
” Washington Post: “‘Robo-signer’ played quiet role in huge number of foreclosures” – “Stephan works as the leader of the document execution team for GMAC Mortgage. [read post]
26 Feb 2010, 6:20 am
GMAC posted a $10.3 billion loss last year, driven in part by defaults on home mortgages. [read post]
6 Oct 2010, 4:26 am
Jeffrey Stephan, foreclosure specialist with GMAC Mortgage, admitted that he signed Florida foreclosure affidavits without personally verifying that GMAC did own the mortgage note. [read post]
17 Jul 2012, 6:36 am
Because GMAC held many debts, including a substantial number of mortgages, the company was the subject of a large number of bankruptcy lawsuits or “adversaries”. [read post]
20 Sep 2010, 7:44 am
GMAC Mortgage may "need to take corrective action in connection with some foreclosures" in the affected states, according to a two-page memo dated Sept. 17 and obtained by Bloomberg News. [read post]
15 Feb 2008, 4:35 am
Cerberus Capital Management’s Stephen Feinberg said in a letter to his fund’s investors that GMAC, the auto and mortgage lender that it controls, may run into “substantial difficulty” if credit markets don’t improve, Bloomberg News reported. [read post]
14 Sep 2007, 5:11 am
Will Cerberus end up regretting its foray into the mortgage markets? [read post]
30 Mar 2011, 11:58 am
GMAC Mortgage LLC, 2011 WL 1103357 (D. [read post]
8 Jan 2011, 5:10 am
., formerly know as GMAC, just announced that it has reached a settlement agreement to resolve mortgage repurchase claims made by government owned mortgage giant Fannie Mae. [read post]
2 Mar 2011, 10:21 am
GMAC Mortgage LLC, 2011 WL 744895 (D. [read post]
29 Mar 2012, 10:02 am
Morgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial, formerly known as GMAC Mortgage have agreed to a $25 billion mortgage [...] [read post]
22 Oct 2008, 7:21 pm
GMAC Mortgage lays off employees. [read post]
18 Oct 2010, 8:00 am
Ohio Attorney General Richard Cordray filed suit last week against GMAC mortgage and its parent company, Ally Financial Inc. for their role in Ohio's foreclosure crisis. [read post]
8 Apr 2013, 7:54 am
Why A Massachusetts Real Estate Nominee Trust Is Worthless and Useless Since the concept of currency and debt was created, debtors have been playing a cat-and-mouse game with creditors in order to avoid satisfaction of their debts. [read post]
26 Oct 2010, 7:50 am
Don't be fooled by announcements from mortgage lenders that they are halting their foreclosure processes in Florida, as detailed by a previous St. [read post]
