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12 Oct 2010, 9:46 am
JPMorgan Chase, GMAC and PNC Financial limited their foreclosure freeze to the 23 states that require judicial review. [read post]
12 Oct 2010, 8:35 am
At issue is the ownership of hundreds of thousands of mortgages that were packaged and sold as investments by banks that later foreclosed on the properties. [read post]
12 Oct 2010, 7:42 am
Last week, he filed suit against GMAC Mortgage, accusing the loan servicer of filing fraudulent affidavits in hundreds of Ohio foreclosures. [read post]
12 Oct 2010, 6:36 am
And GMAC Mortgage? [read post]
12 Oct 2010, 4:57 am
PNC becomes the fourth major lender to temporarily freeze foreclosures, joining Bank of America, JPMorgan Chase, and GMAC Mortgage. [read post]
11 Oct 2010, 1:30 pm
The big news last month was the revelation that hundreds of thousands of phony affidavits had been signed by an employee of GMAC Mortgage (a unit of Ally Financial) and then submitted to courts throughout the country to support foreclosures. [read post]
11 Oct 2010, 8:23 am
The following lenders have announced that they will stay foreclosures: Bank of America GMAC/Ally Financial JP Morgan ChasePNC Financial It is expected that additional lenders will follow suit in the near future given the widespread nature of the problems. [read post]
11 Oct 2010, 6:47 am
In recent weeks, big lenders like GMAC Mortgage, JPMorgan Chase and Bank of America have halted many or all of their foreclosure proceedings in the wake of allegations of sloppiness, shortcuts or worse. [read post]
11 Oct 2010, 6:42 am
” Related posts:Bank of America Delays Foreclosures in 23 States Ally’s GMAC Mortgage Halts Home Evictions in 23 States Senate Shockingly Passes Bill That Could Bail The Banks Out Of Foreclosure-Gate [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]
10 Oct 2010, 12:29 pm
Most mortgages, after all, have long-since been packaged and sold as investments. [read post]
10 Oct 2010, 8:34 am
The impetus for the interview: "This week, Ohio filed a lawsuit accusing the lender Ally Financial and its GMAC Mortgage division of fraud in approving scores of... [read post]
10 Oct 2010, 8:11 am
GMAC/Ally, JPMorgan Chase, Bank of America, and ALL THE REST, regardless of whether they have yet admitted the truth about their practices (read: crimes), knew exactly what they’ve been doing. [read post]
10 Oct 2010, 7:11 am
“In recent weeks, big lenders like GMAC Mortgage, JPMorgan Chase and Bank of America have halted many or all of their foreclosure proceedings in the wake of allegations of sloppiness, shortcuts or worse. [read post]
10 Oct 2010, 7:00 am
JPMorgan and GMAC Mortgage followed suit while an array of other large lenders, including Citi, U.S. [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]
9 Oct 2010, 10:28 am
As we first reported last month on our Miami Foreclosure Lawyer Blog, GMAC -- the nation's fifth-largest mortgage lender -- was forced to halt foreclosures after an executive essentially admitted that he could not guarantee that the bank even owned the properties in question. [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, 11:00 am
Cincinnati.com Wednesday morning reported that Ohio Attorney General Richard Cordray has filed a lawsuit against Ally Financial Inc. and its GMAC Mortgage division, alleging fraud that could involve hundreds of foreclosures in the state and asking for civil penalties of up to $25,000 for every violation of the state's consumer laws. [ See Press Release ] "Authorities in at least six other states [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]
