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9 Dec 2011, 5:06 am
On December 1,the Attorney General for the State of Massachusetts, Martha Coakley, filed a lawsuit against the five largest U.S. lending banks, Bank of America, Wells Fargo JPMorgan Chase & Co., Citigroup Inc., and GMAC, for their roles in the foreclosure crisis which has plagued the country for the last several years. [read post]
2 Dec 2011, 1:18 pm
San Diego foreclosure lawyers have noted that new the lawsuit specifically names five major banks -- Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and GMAC -- as being guilty of using foreclosure practices that undermined the legal process and put homeowners at a disadvantage, to say the least. [read post]
20 Oct 2010, 11:54 am
Recently, GMAC Mortgage, Bank of America, and JPMorgan Chase recommended that Fannie Mae halt the sale of any home that involved a loan sold to Fannie Mae by those companies This has added a new problem to the foreclosure crisis. [read post]
8 Oct 2010, 2:30 am
Within the last two weeks, GMAC Mortgage, JPMorgan Chase and Bank of America have all admitted that a few of their employees signed and verified thousands of documents a month that were not even read. [read post]
18 Sep 2012, 7:38 am
The effected banks are Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. [read post]
6 Oct 2010, 6:54 am
Our Yucaipa loan modification attorneys wrote recently about GMAC Mortgage, the mortgage arm of Ally Bank, suspending all foreclosures in 23 states after discovering problems with its paperwork. [read post]
13 Oct 2010, 10:44 am
Just last week, Bank of America, JPMorgan Chase, and GMAC (a unit of Ally Financial Inc.) all announced that they were halting foreclosure proceedings. [read post]
11 Oct 2010, 8:23 am
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]
27 Oct 2010, 8:59 pm
We've been saying for weeks that the robo-signers are merely a symptom of much deeper troubles wracking the foreclosure mill law firms and their clients, the big banks such as Bank of America, GMAC, Citigroup, Wells Fargo, Chase, and others. [read post]
27 Oct 2010, 8:59 pm
We've been saying for weeks that the robo-signers are merely a symptom of much deeper troubles wracking the foreclosure mill law firms and their clients, the big banks such as Bank of America, GMAC, Citigroup, Wells Fargo, Chase, and others. [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]
26 Feb 2012, 10:00 pm
However, in order to qualify, your mortgage must have been serviced by one of the five participating banks - Bank of America, Ally/GMAC, Wells Fargo, Citi, or JPMorgan Chase. [read post]
23 Dec 2008, 2:44 pm
GMAC is 51 percent owned by Cerberus Capital Management LP, a private equity firm; General Motors owns the rest.GMAC, which provides financing for GM vehicle and dealer loans along with home mortgages, is having trouble finding adequate support from its bondholders for a debt transaction that would allow it to become a bank holding company and gain eligibility for bailout money.Commercial real estate developers said Monday they also are petitioning the government for support from… [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]
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]
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]
17 Jul 2012, 10:47 am
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO. [read post]
6 Apr 2008, 1:19 pm
In GMAC Bank v. [read post]
8 Jan 2011, 5:10 am
., formerly know as GMAC, just announced that it has reached a settlement agreement to resolve mortgage repurchase claims made by government owned mortgage giant Fannie Mae. [read post]
25 Oct 2010, 4:40 pm
Consider a final example: Bill owns a home he purchased with a loan from Chase bank. [read post]
