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20 Sep 2010, 7:50 am
Bloomberg has a report today that GMAC Mortgage is halting foreclosures in 23 states due to unspecified defects. [read post]
20 Sep 2010, 7:48 am
’s GMAC Mortgage unit told brokers and agents to halt foreclosures on homeowners in 23 states including Florida, Connecticut and New York. [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]
13 Sep 2010, 5:04 am
Three groups -- BlackRock, Fortress and Centerbridge Partners -- are considering buying the mortgage finance business of GMAC, The Financial Times reports. [read post]
30 Aug 2010, 8:34 am
I talk to a lot of homeowners from all over the country every single day, and it’s been like that for almost two years now. [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]
16 Aug 2010, 9:32 am
GMAC Mortgage, LLC (No. [read post]
3 Aug 2010, 10:23 am
” GMAC lost $16.5 billion in its mortgage business from 2007 to 2009. [read post]
23 Jun 2010, 4:20 am
Several big-name private equity firms are bidding for GMAC's troubled residential mortgage unit, Residential Capital, Dow Jones reported. [read post]
12 May 2010, 5:30 am
The plaintiffs, seeking to represent a class of GMAC’s Georgia customers, brought an action against GMAC Mortgage, LLC and GMAC, Inc (collectively, “GMAC”) in the superior Court of Muscogee County, alleging that their home loans were serviced by GMAC, and that all the late fees that GMAC charged them were improper and excessive. [read post]
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]
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]
20 Apr 2010, 5:39 am
We recently had a similar case where GMAC Mortgage pursued a foreclosure case only to find out later that they never owned or held the note. [read post]
20 Apr 2010, 5:39 am
We recently had a similar case where GMAC Mortgage pursued a foreclosure case only to find out later that they never owned or held the note. [read post]
19 Apr 2010, 7:59 am
” The David Stern law firm, which filed the case before Judge Rondolino on behalf of GMAC Mortgage LLC, declined to comment. [read post]
19 Apr 2010, 4:53 am
GMAC Mortgage Group, Inc., 417 F.3d 384 (3d Cir. 2005); Friedman v. [read post]
18 Apr 2010, 8:53 pm
GMAC Mortgage Group, Inc., 417 F.3d 384 (3d Cir. 2005); Friedman v. [read post]
23 Mar 2010, 8:30 pm
” Judge Spinner determined that the Baum law firm filed the action before the date it claimed its client took ownership of the mortgage To see a copy of the decision, click: GMAC Mortgage v. [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]
18 Mar 2010, 4:02 am
Some big name investors are kicking the tires of GMAC's troubled residential mortgage unit, Residential Capital, Reuters reported. [read post]
