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21 Mar 2011, 6:15 am
Morgan Chase; Citigroup and GMAC/Ally, in order to settle the widespread claims of foreclosure misconduct that arose late in 2010. [read post]
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]
5 Jul 2013, 9:24 am
Category: Recent Decisions;Foreclosure Opinions Body: AC34764 - GMAC Mortgage, LLC v. [read post]
30 Sep 2010, 7:13 pm
And GMAC/JPMChase are sufficiently worried that the trusts they service might not own the mortgages they are foreclosing on that they have put a halt to their foreclosure actions. [read post]
11 Dec 2009, 4:30 am
GMAC Mortgage, LLC, 602 F.Supp.2d 289 (D. [read post]
24 Aug 2011, 12:01 pm
In June, the SEC and the Department of Justice subpoenaed Ally Financial Inc. and GMAC Mortgage LLC in connection with investigations of bulk settlements of mortgage loans placed in securitization trusts. [read post]
25 Jan 2011, 12:01 pm
Stern, Law office of Marshall Watson, Shapiro & Fishman, JP Morgan Chase, Bank of America and GMAC. [read post]
6 Mar 2012, 9:00 am
The Settlement Terms The settlement was entered into with the nation's five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. [read post]
21 May 2012, 10:53 am
GMAC Mortgage, LLC (In re McNeal) (11th Cir. 2012), that lien stripping can be used in a Chapter 7 case. [read post]
8 Jun 2011, 12:18 pm
GMAC, a case out of Atlanta, Georgia. [read post]
6 Oct 2010, 6:54 am
Our Yucaipa loan modification attorneys wrote recently about GMAC Mortgage, the mortgage arm of Ally Bank, suspending all foreclosures in 23 states after discovering problems with its paperwork. [read post]
23 Dec 2008, 2:44 pm
Meanwhile, financial industry groups are pushing to use the bailout fund to help a wider array of companies, including automotive financing companies such as GMAC Financial Services. [read post]
10 Oct 2010, 12:29 pm
Most mortgages, after all, have long-since been packaged and sold as investments. [read post]
2 Jun 2015, 8:55 am
In Hechter’s September 2014 guilty plea, he admitted that he paid $1 million dollars in bribes to Sanabria and other bankers at GMAC Mortgage and National City Bank. [read post]
8 Oct 2010, 2:30 am
Within the last two weeks, GMAC Mortgage, JPMorgan Chase and Bank of America have all admitted that a few of their employees signed and verified thousands of documents a month that were not even read. [read post]
29 Sep 2010, 8:08 am
Recent admissions by big-time mortgage lender GMAC that its personnel had filed false affidavits in foreclosure cases have been much in the news lately, and have spurred investigations by the attorneys general of several states. [read post]
12 Sep 2011, 6:06 am
Investors in mortgage backed securities can require a bank to buy back loans if the underlying mortgages do not comply with the representations and/or warranties made by the bank at the time the securities were purchased. [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]
7 Jun 2012, 6:14 am
Under the terms of the landmark National Mortgage Settlement, (NMS) the 5 largest mortgage originators (GMAC, Bank of America, Citi, JP Morgan Chase and Wells Fargo) reached a $25 billion agreement with the US Attorney General, representing the Obama administration's latest response to the mortgage crisis. [read post]
7 Nov 2010, 11:13 am
The NYT reports on foreclosure lawyers who are getting paid contingency fees for mortgage savings, and are themselves getting mortgages from their clients to secure their fees: The Ticktin mortgages resemble the loans that the clients originally got from Countrywide, GMAC and other lenders. [read post]
