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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]
9 Oct 2010, 10:28 am
One bank after another -- GMAC, Bank of America, JPMorgan Chase -- have slowed or halted foreclosures in response. [read post]
8 Oct 2010, 2:49 pm
We don't know if they have been reading our blog articles about GMAC Mortgage and the improper documentation foreclosure crisis, but they are finally acting to protect consumers. [read post]
8 Oct 2010, 11:39 am
Morgan Chase, GMAC, PNC and Ally Financial Inc. postponed foreclosures in 23 states last week just as the foreclosure press was accelerated. [read post]
8 Oct 2010, 10:53 am
(parent of GMAC Mortgage) last week postponed foreclosures in 23 states where a court’s approval is required to foreclosure on a home. [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]
8 Oct 2010, 12:01 am
Many of my readers have heard that a number of lenders, including Bank of America, Ally (formerly GMAC), and JP Morgan Chase, have stopped foreclosure proceedings in 23 states. [read post]
7 Oct 2010, 9:55 pm
Bank of America said Friday that it, too, will stop foreclosures in those states while reviewing its records for the same problems tying up JPMorgan and GMAC foreclosures. [read post]
7 Oct 2010, 2:29 pm
Related posts:Bill H.R. 3808 lets banks use notary as defense against litigation Bank of America to Stop Foreclosures in Nevada and Nationwide Tisha Black Chernine, Esq. quoted in RJ regarding wrongful foreclosures [read post]
7 Oct 2010, 8:27 am
Business Insider: “The hottest story right now in the banking industry is foreclosure-gate, as various firms like Bank of America, JPMorgan, and GMAC have halted foreclosures upon realizing that the paperwork behind them has been shoddy at best. [read post]
6 Oct 2010, 9:08 pm
However, it occurs to me, and I’m no legal scholar, that GMAC should be able to get out of that one rather easily. [read post]
6 Oct 2010, 12:20 pm
The three lenders who are at the center of the controversy, GMAC Mortgage, JPMorgan Chase and Bank of America, declined to comment. [read post]
6 Oct 2010, 9:15 am
Employees of Bank of America, JP Morgan Chase, and GMAC have all testified that they signed many thousands of affidavits a month, spending about 30 seconds on each affidavit, and that they hadn't a clue regarding the veracity of the affidavit or documents in question. [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]
6 Oct 2010, 6:21 am
These shortcut attempts, now discovered, have resulted in the halting of foreclosures in 23 states, including in areas of Florida: ” Bank of America, JPMorgan Chase, and Ally Financial (formerly known as GMAC) halted foreclosures in 23 states after employees admitted in sworn depositions that they didn’t verify information in thousands of foreclosure documents. [read post]
5 Oct 2010, 1:12 pm
Many banks, including Bank of America, JP Morgan, and GMAC, employed people who processed the paperwork as quickly as possible in order to comply with many local rules and procedure. [read post]
5 Oct 2010, 9:05 am
Bank of America followed the lead of JP Morgan Chase and GMAC Mortgage who both have put a freeze on their pending foreclosure cases within the past two weeks. [read post]
5 Oct 2010, 12:47 am
And the jury is still out on whether more banks will come forward with similar admissions. [read post]
4 Oct 2010, 9:44 am
The June 2010 deposition of GMAC exec Jeffrey B. [read post]
4 Oct 2010, 6:01 am
Recently, we wrote about the GMAC foreclosure mess. [read post]
