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5 Nov 2010, 3:15 am
More serious action is needed by the U.S. and our allies in the region – paying more attention to the problem would be a good place to start. [read post]
31 Oct 2010, 12:30 pm
Looks like at least one state attorney general isn't going along with that plan:In two letters released Friday, Attorney General Richard Cordray criticized a number of banks and loan-servicing companies, including Wells Fargo & Co.; Ally Financial Inc.'s GMAC Mortgage; Bank of America Corp.; and J.P. [read post]
28 Oct 2010, 1:12 pm
Senator Tim Johnson of South Dakota, a banking industry ally, likely will become chair if the Democrats retain the Senate. [read post]
28 Oct 2010, 5:31 am
The documents are being refiled in the 23 states where a judge's approval is needed to complete a foreclosure.Wells Fargo’s CEO, John Stumpf, has declined to join Bank of America Corp., Ally Financial Inc.'s GMAC Mortgage and other banks in suspending foreclosures because of flawed paperwork that surfaced at several large banks. [read post]
27 Oct 2010, 8:19 pm
According to a World Bank survey provided by HSBC Business, it would cost $19,000 to employ an American as a call agent, and $7,500 to employ an Indian. [read post]
25 Oct 2010, 5:09 pm
The following lenders have announced that they will stay foreclosures: Bank of America GMAC/Ally Financial JP Morgan ChasePNC Financial It is expected that additional lenders will follow suit in the near future given the widespread nature of the problems. [read post]
25 Oct 2010, 8:41 am
National foreclosures halted: Of course, Bank of America, JPMorgan Chase & Co. and Ally Financial Inc., three major mortgage lenders, have paused foreclosure proceedings in some or all of the country to address the legal issues raised by the alleged improprieties of robo-signers. [read post]
22 Oct 2010, 9:44 pm
Stephanie Armour, author of the article, says that: Old Republic issued a bulletin to some agents stating that "the company will not insure title to any property which has been foreclosed by Ally Financial, Ally Bank or GMAC until further notice," according to a Sept. 29 copy of the memo. [read post]
20 Oct 2010, 6:34 am
” Related posts:Senate Shockingly Passes Bill That Could Bail The Banks Out Of Foreclosure-Gate Ally’s GMAC Mortgage Halts Home Evictions in 23 States AZ Attorney Indicts 38 on Mortgage Fraud [read post]
20 Oct 2010, 4:30 am
Soon, Ally’s Financial, PNC Financial and JPMorganChase & Co. joined the moratorium. [read post]
19 Oct 2010, 8:55 am
Both JPMorgan Chase and Ally Financial (formerly GMAC) are facing skyrocketing numbers of homeowner lawsuits and investigations by a number of state law enforcement agencies -- not to mention both houses of Congress. [read post]
18 Oct 2010, 5:30 pm
Other companies, including Ally Financial Inc. [read post]
18 Oct 2010, 8:00 am
Recent reports have raised the possibility that Ally Financial, formerly GMAC, JP Morgan Chase, Bank of America, PNC Bank and other lenders may have wrongfully foreclosed on homeowners in New York state due to the practice of "robo-signing" where lenders circumvent the appropriate and required due process for foreclosures. [read post]
18 Oct 2010, 6:53 am
Other companies that have announced halting foreclosure proceedings in at least some states are Ally Financial Inc. [read post]
15 Oct 2010, 6:28 pm
In addition to his office’s review of Bank of America, Chase, Wells Fargo and GMAC Mortgage/Ally, Attorney General Cuomo is working with other state attorneys general, banking regulators and other interested parties to assess the veracity of servicers’ foreclosure filings and ensure the fairness and accuracy of their processes. [read post]
15 Oct 2010, 7:00 am
Recently the Maritime Savings Bank (based in West Allis, Wis.) was closed by regulators and taken over by North Shore Bank. [read post]
15 Oct 2010, 7:00 am
Recently the Maritime Savings Bank (based in West Allis, Wis.) was closed by regulators and taken over by North Shore Bank. [read post]
14 Oct 2010, 6:44 pm
Having nowhere better to go, the Bank of Japan's loose money found its way into stocks and real estate instead of funding innovation. ... [read post]
14 Oct 2010, 6:36 pm
Ohio AG Richard Cordray has already sued Ally Bank for improper foreclosures. [read post]
