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3 Jan 2013, 7:12 pm
From The Oregonian:The settlement, announced in February, sets aside $1.5 billion for direct payments to about 2 million borrowers nationwide whose homes were foreclosed between 2008 and 2011 by one of five participating mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo. [read post]
21 Aug 2010, 11:46 am
This was the mortgage deficiency on a first mortgage that had been held by GMAC. [read post]
14 Jun 2012, 6:21 am
GMAC, the Atlanta judges said the debtors do have such a right. [read post]
29 Sep 2010, 2:53 pm
Also today, Fitch Ratings issued a release saying they are asking all mortgage servicers whether they have a robo-signer problem. [read post]
4 Nov 2010, 7:52 am
Now Bank of America and GMAC have put a moratorium in all 50 states. [read post]
14 Jul 2022, 12:33 pm
GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012)(wholly underwater liens still avoidable in chapter 7) the 11th Circuit Court of Appeals was presented with the issue whether it could recede from its prior decision in Folendore v. [read post]
23 Feb 2012, 5:15 am
Those companies include: America's Servicing Company, Aurora Loan Servicing, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage; Countrywide, EMC, Everbank/Everhome Mortgage Company, Financial Freedom, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, U.S. [read post]
13 Jun 2014, 12:56 pm
So when John Reddam sells his company to GMAC Mortgage and makes many, many tens of millions of dollars, yes, I get that he does not feel like paying any taxes on it.I also understand why places like KMPG like to latch on to these desires and invent creative offshore Cayman Islands schemes to "shelter" such gains from taxation. [read post]
9 Nov 2011, 7:45 am
The mortgage loan servicers that must participate in this review process are: 1) America’s Servicing Co. 2) Aurora Loan Services 3) Bank of America 4) Beneficial 5) Chase 6) Citibank 7) CitiFinancial 8 ) CitiMortgage 9) Countrywide 10) EMC 11) EverBank/EverHome Mortgage Company 12) GMAC Mortgage 13) HFC 14) HSBC 15) IndyMac Mortgage Services 16) MetLife Bank 17) National City Mortgage18) PNC… [read post]
17 Jul 2012, 1:14 pm
Several of these banks are also known by other trade names, including Countrywide (a trade name for Bank of America); Washington Mutual and EMC Mortgage (Chase); CitiMortgage (Citibank); Wachovia (Wells Fargo); and GMAC (Ally Financial). [read post]
30 Jul 2012, 8:12 am
The underlying FHFA complaint alleges that defendants (including Ally Financial, Ally Securities, and GMAC Mortgage) made false or misleading statements or omissions in the offering materials for $6 billion worth of RMBS. [read post]
28 Oct 2010, 7:10 pm
in a Washington state federal district court against defendant GMAC Mortgage, et al. whom, not surprisingly, responded with a Motion for a More Definite Statement. ... [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]
10 Oct 2010, 1:32 pm
Earlier this month, GMAC Mortgage stopped its foreclosure proceedings when it was revealed that employees signed foreclosure affidavits without reviewing the loan files. [read post]
11 Jan 2012, 1:00 am
Several institutions have been implicated in the matter though the original cases involved Wells Fargo and GMAC Mortgage. [read post]
27 Jun 2012, 7:20 pm
Under the settlement with 49 state attorneys general and the federal government, Chase, Bank of America, Citigroup, Wells Fargo, and Ally/GMAC are supposed to offer at least $10 billion in principal reduction over the nextthree years. [read post]
21 Dec 2010, 4:18 pm
The "robo-signer" for GMAC Mortgage admitted to signing 10,000 mortgages a month. [read post]
18 Mar 2010, 11:12 am
GMAC Mortgage Group, Inc., 417 F.3d 384, 385 (3d Cir. 2005) (finding that “RESPA does not provide a cause of action for overcharges”); Kruse, 383 F.3d at 56 (“We conclude that section 8(b) clearly and unambiguously does not extend to overcharges. [read post]
7 Feb 2012, 5:15 am
Bank of America began its program for its mortgage customers on January 17, and CitiMortgage and GMAC mortgage are also already accepting applications. [read post]
19 Oct 2010, 5:15 am
GMAC, the country’s fourth-largest mortgage lender, called this omission a technicality but was forced last month to halt foreclosures in the 23 states, including Maine, where they must be approved by a court. [read post]
