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21 Oct 2012, 6:00 am by Christine Wilton
October 2nd was a big day for the big 5 [Bank of America, Chase, Wells Fargo, GMAC/Ally, Citibank] as their the last day for the nation's five largest mortgage companies to implement the servicing reforms in the National Mortgage Settlement, according to Professor Katie Porter, California's settlement monitor. [read post]
Ally/GMAC Bank of America Citi JPMorgan Chase Wells Fargo Fannie & Freddie The settlement does not extend to loans owned by Fannie Mae and Freddie Mac, the giant buyers of home loans. [read post]
Ally/GMAC Bank of America Citi JPMorgan Chase Wells Fargo Fannie & Freddie The settlement does not extend to loans owned by Fannie Mae and Freddie Mac, the giant buyers of home loans. [read post]
31 Aug 2012, 11:45 am
Here is more information on the historic National Mortgage Settlement with ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO: The settlement provides assistance for: Homeowners needing loan modifications now, including first and second lien principal reduction. [read post]
21 Aug 2012, 10:09 am
Five major mortgage lending banks were involved in the settlement: GMAC, Bank of America, Citi, JP Morgan, and Wells Fargo. [read post]
17 Aug 2012, 2:09 pm by Christine Wilton
The National Mortgage Settlement Agreement was entered into by only 5 mortgage loan servicers: Bank of America, Wells Fargo, JP Morgan Chase, Citibank, and Ally (aka GMAC). [read post]
9 Aug 2012, 3:00 pm
The settlement involves country’s five largest loan servicers: ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO. [read post]
7 Aug 2012, 7:28 am by Jonathan Alper
    The letter does not indicate why GMAC benefits from forgiving second mortgages. [read post]
30 Jul 2012, 8:12 am by Editorial Board
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]
23 Jul 2012, 4:10 pm by Lori Bauman
GMAC Mortgage, LLC, the defaulting homeowner filed suit to stop a foreclosure, claiming that the holder of the promissory note was not the original lender, and that the assignment of the note had not been recorded with the county. [read post]
18 Jul 2012, 11:44 am
GMAC Mortgage, LLC et al, "[T]he import of our holding is this: A beneficiary that uses MERS to avoid publicly recording assignments of a trust deed cannot avail itself of a nonjudicial foreclosure process that requires that very thing-- publicly recorded assignments. [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]
17 Jul 2012, 6:36 am by Ryan Blay
  Because GMAC held many debts, including a substantial number of mortgages, the company was the subject of a large number of bankruptcy lawsuits or “adversaries”. [read post]
5 Jul 2012, 11:21 am
The five mortgage lenders agreeing to the settlement were Bank of America, Chase, Citibank, GMAC/Ally, and Wells Fargo. [read post]