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9 Feb 2012, 8:00 pm
(formerly GMAC)) also included a $1 billion False Claims Act settlement. [read post]
9 Feb 2012, 2:06 pm
Today a national mortgage settlement was announced with five of the country’s biggest servicers: Ally (GMAC), Bank of America, Citi, Chase and Wells Fargo. [read post]
9 Feb 2012, 1:41 pm
“Banks and mortgage servicers expect that homeowners will meet their obligations under a mortgage,” said Shaun Donovan, the U.S. [read post]
9 Feb 2012, 9:56 am
The terms of the settlement deal — which are binding upon Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial (formerly GMAC) — require the banks to reduce the outstanding balance of many mortgages, refinance others and also send out checks to thousands of Americans who were improperly foreclosed on or facing an unlawful foreclosure suit. [read post]
9 Feb 2012, 8:51 am
/GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. [read post]
7 Feb 2012, 5:15 am
Bank of America began its program for its mortgage customers on January 17, and CitiMortgage and GMAC mortgage are also already accepting applications. [read post]
11 Jan 2012, 1:00 am
Several institutions have been implicated in the matter though the original cases involved Wells Fargo and GMAC Mortgage. [read post]
10 Jan 2012, 7:43 am
Independent foreclosure re views let borrowers who faced foreclosure on their primary residences between January 1, 2009 and December 31, 2010 request reviews of their cases if they believe they suffered financial injury as a result of errors in the foreclosure processes of these servicers: America’s Servicing Company, Aurora Loan Services, Bank of America, Beneficial, Chase,Citibank, CitiFinancial, Citi Mortgage, Country-Wide, EMC, EverBank/Everhome, Freedom Financial, GMAC… [read post]
16 Dec 2011, 5:40 pm
The refusal of the Maine Supreme Court to subject GMAC Mortgage to contempt proceedings for its nationwide six-year binge of foreclosure fraud tells me that my naïve belief that the judicial system would be our salvation was wrong. [read post]
16 Dec 2011, 2:34 pm
GMAC’s mortgage was recorded, but ABN AMRO was unaware of the GMAC mortgage at the time it took the new mortgage. [read post]
9 Dec 2011, 5:46 am
I wonder whether this bill was directly related to the recent announcement that Banco Pichincha, an Ecuadoran bank, has purchased a portfolio of mortgage loans in Spain that were originally owned by GMAC? [read post]
9 Dec 2011, 5:06 am
" GMAC on the other hand has vowed to fight the suit in court stating, "GMAC Mortgage believes it has strong legal and factual defenses against these claims and will vigorously defend its position in court. [read post]
8 Dec 2011, 10:48 am
Bradbury In Bradbury, the Maine Supreme Judicial Court stated that "Bradbury challenges the court’s failure to find loan servicer GMAC Mortgage, LLC in contempt pursuant to M.R. [read post]
5 Dec 2011, 1:50 pm
On Friday, GMAC Mortgage announced that it will cease purchasing third-party mortgages issued in the State of Massachusetts. [read post]
2 Dec 2011, 1:18 pm
A lawsuit filed by a state attorney general (not in California) is another indication of the cracks that are forming in the once hoped-for settlement between all of the states' attorneys general and the major mortgage lenders over the banks' fraudulent foreclosure practices. [read post]
1 Dec 2011, 12:00 pm
Massachusetts Attorney General Martha Coakley today filed a wide-ranging lawsuit in Suffolk County Superior Court in Boston against Bank of America, JP Morgan Chase, Citibank, GMAC, Wells Fargo and MERS, alleging that the defendants' conduct in foreclosing "hundreds, if not thousands" of mortgages in Massachusetts was fraudulent, unfair, deceptive and in violation of numerous provisions of Massachusetts law. [read post]
23 Nov 2011, 2:51 am
Glenn Russell in the foreground and up and to his left is attorney Thomas Cox, who brought “robo-signing” into our country’s lexicon after deposing Jeffrey Stephan of GMAC. [read post]
16 Nov 2011, 8:47 am
Prior to its conversion, it operated as GMAC, the financing firm of General Motors. [read post]
9 Nov 2011, 7:45 am
The mortgage loan servicers that must participate in this review process are: 1) America’s Servicing Co. 2) Aurora Loan Services 3) Bank of America 4) Beneficial 5) Chase 6) Citibank 7) CitiFinancial 8 ) CitiMortgage 9) Countrywide 10) EMC 11) EverBank/EverHome Mortgage Company 12) GMAC Mortgage 13) HFC 14) HSBC 15) IndyMac Mortgage Services 16) MetLife Bank 17) National City Mortgage18) PNC… [read post]
9 Nov 2011, 7:04 am
The fourteen mortgage servicers involved in this process are America's Servicing Co., Aurora Loan Services, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage, Countrywide, EMC, EverBank/EverHome Mortgage Company, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, SunTrust Mortgage, U.S. [read post]
