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27 Jun 2012, 7:20 pm by Jean Braucher
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]
19 Jun 2012, 7:28 pm by Jon G. Brooks
Recently, the federal government and 49 state attorneys general reached a settlement with the country’s five largest mortgage loan servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. [read post]
14 Jun 2012, 6:21 am by doug
GMAC, the Atlanta judges said the debtors do have such a right. [read post]
13 Jun 2012, 6:30 am by Julia Kim
(formerly GMAC), filed for Chapter 11 bankruptcy protection in New York on May 14, 2012. [read post]
7 Jun 2012, 6:14 am by Josh Sturtevant
  Under the terms of the landmark National Mortgage Settlement, (NMS) the 5 largest mortgage originators (GMAC, Bank of America, Citi, JP Morgan Chase and Wells Fargo) reached a $25 billion agreement with the US Attorney General, representing the Obama administration's latest response to the mortgage crisis. [read post]
23 May 2012, 9:54 am
Ocwen Loan Servicing, as well as Bank of America, Wells Fargo, Chase and GMAC, have reduced some $5 million in mortgage balances in South Florida over just the last two months, according to the Sun-Sentinel. [read post]
21 May 2012, 8:02 pm by Lanigan
GMAC MORTGAGE, LLC, HOMECOMINGS FINANCIAL, LLC the 11th circuit reversed this holding. [read post]
21 May 2012, 10:53 am by Bryan Fears
GMAC Mortgage, LLC (In re McNeal) (11th Cir. 2012), that lien stripping can be used in a Chapter 7 case. [read post]
18 May 2012, 7:00 pm
This will benefit any debtor who is in bankruptcy and has a mortgage from Ally Financial or GMAC Mortgage. [read post]
18 May 2012, 4:26 am by Attorney Goldstein
For many years, it has been well settled law that a Debtor who owns real estate with more then one mortgage, can file a Motion with the bankruptcy court to eliminate or strip the second mortgage or equity line from their property. [read post]
17 May 2012, 8:14 am by Kyle
Ally Financial is the former lending organization for General Motors Co and was formerly known as GMAC. [read post]
14 May 2012, 6:56 am by Ryan Blay
First, ResCap is a division of Ally Financial (formerly known as GMAC). [read post]
9 May 2012, 12:49 pm
Indeed, in the case of Mortgage Express v Iqbal Hafeez Solicitors (Ch) the lawyers sought to avoid a claim for breach of trust by arguing the firm was entitled to relief under s.61 of the Trustee Act which could mean that could reduce the damages as a result of the contributory negligence on the part of the lender. [read post]
8 May 2012, 2:36 pm by Ronald F. Wick
GMAC Mortgage, LLC, the plaintiffs sought to certify a class of Massachusetts residents whose homes were foreclosed, or against whom an invalid foreclosure process was initiated. [read post]
4 May 2012, 8:36 am by Ryan Blay
  Because they were exempted from the recent foreclosure settlement the Attorneys General reached with the biggest individual servicers (Chase, Bank of America, Wells Fargo, Citibank, and Ally/GMAC), many loans are still in crisis and these two semi-governmental bodies haven’t really addressed their role in helping our mortgage crisis. [read post]