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22 Jan 2011, 7:50 am by Mandelman
  But I want to make sure we all understand what’s at the core of this situation… what caused Bank of America, JPMorgan Chase, Wells Fargo, and GMAC, et al, to employ “robo-signers,” and attempt to foreclose using fraudulent affidavits claiming that each bank had lost the actual notes. [read post]
They are AIG, GM, Chrysler and their two automotive-related finance companies, GMAC and Chrysler Financial, respectively. [read post]
15 Jan 2009, 11:56 am
Newly minted banks like GMAC, Goldman Sachs (ticker: GS) and Morgan Stanley (MS) are so desperate for funding that they are offering savers above-market rates, stealing depositors from smaller institutions that have little or less government aid and consequently lower profit margins. [read post]
18 Mar 2010, 11:12 am by Marx Sterbcow
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]
28 Dec 2010, 10:04 am by Mandelman
Calderon, Chairman of the Senate Committee on Banking Finance & Insurance, sponsored the bill. [read post]
23 Sep 2010, 4:20 pm by Mandelman
I was about to tear into GMAC, but now I hear that they’re not foreclosing on anything at the moment, so maybe they knew they were about to be shredded by bloggers everywhere, who really knows. [read post]
12 Feb 2012, 2:37 pm by Mandelman
  There’s also $3 billion that’s supposed to be devoted to the refinancing of underwater but current mortgages, but this fund will only apply to mortgages owned by one of the five banks involved in the settlement… Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Bank/GMAC… and then, only to those current on their mortgage payments. [read post]
30 Oct 2010, 6:37 pm by Mandelman
  Banks forging documents and robo-signing affidavits to be presented to the court in order to seize someone’s property… banks doing this… not used car dealers… not sales-crazed mortgage companies… banks… large, to-big-to-fail-type banks. [read post]
4 Nov 2011, 1:42 am by Mandelman
Well, two pillars of transparency, the Financial Services Roundtable’s Housing Policy Council and the Hope Now Banking Alliance (okay, so the “banking” doesn’t really belong in their name, but it sort of does), held a conference call yesterday afternoon for Housing Counseling network partners and other not-for-profit organizations around the country and one of the housing counselors who participated in the call echoed my thoughts from last May, saying that… [read post]
7 Sep 2011, 6:00 am by Mandelman
  No… those paragraphs were intended to be about Bank of America, or JPMorgan Chase, or Wells Fargo… or Citibank, GMAC, One West Bank… or any of the banksters, for that matter. [read post]
17 Jan 2024, 3:36 am by Andrew Lavoott Bluestone
Eichengrun and Justin Sterling were managing members, executed a note in favor of National Bank of Coxsackie (hereinafter NBC) that was secured by a mortgage on real property located in the City of Schenectady. [read post]