Search for: "General Mortgage GMAC"
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21 Nov 2007, 1:43 pm
GMAC, the auto and home lender once owned by General Motors, may buy a non-U.S. mortgage company [...] [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]
29 Sep 2010, 6:43 am
GMAC was created in 1919 to provide financing for buyers of General Motors Co.'s vehicles. [read post]
8 Apr 2013, 7:54 am
GMAC Mortgage learned this the hard way last week at the Supreme Judicial Court in GMAC Mortgage v. [read post]
20 Sep 2010, 1:30 pm
GMAC Mortgage, the holding company formally an arm of General Motors, has announced that it will stop all foreclosures, evictions and purchase and sale agreements, and suspend sales of foreclosed properties in 23 states. [read post]
28 Sep 2010, 9:17 am
The Washington Post reported on the 27th that the Attorneys general in Connecticut and California ordered Ally Financial's GMAC mortgage unit to freeze all foreclosures within their States. [read post]
28 Oct 2009, 10:27 am
As part of the initial bailout, GMAC, which finances three-fourths of General Motors car loans and provides mortgages, insurance and other services, transformed into a bank holding company, which enabled it to receive Treasury aid. [read post]
18 Oct 2010, 8:00 am
Ohio Attorney General Richard Cordray filed suit last week against GMAC mortgage and its parent company, Ally Financial Inc. for their role in Ohio's foreclosure crisis. [read post]
7 Oct 2010, 10:44 am
Ohio’s Attorney General has sued GMAC Mortgage and its parent Ally Financial Inc. alleging that GMAC, acting as a mortgage servicer, filed fraudulent documents during court proceedings in which GMAC was foreclosing on homes in Ohio. [read post]
15 Oct 2014, 7:39 am
The mortgages Moreno sold on behalf of GMAC were mostly non-performing or distressed second mortgages. [read post]
26 Feb 2010, 6:20 am
GMAC posted a $10.3 billion loss last year, driven in part by defaults on home mortgages. [read post]
14 Sep 2007, 5:11 am
Lender ResCap was considered the jewel in GMAC’s crown when the private equity firm led a group that bought a controlling stake in General Motors‘ finance unit last year. [read post]
29 Mar 2012, 10:02 am
Morgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial, formerly known as GMAC Mortgage have agreed to a $25 billion mortgage [...] [read post]
2 Mar 2011, 10:21 am
GMAC Mortgage LLC, 2011 WL 744895 (D. [read post]
8 Oct 2010, 11:00 am
Cincinnati.com Wednesday morning reported that Ohio Attorney General Richard Cordray has filed a lawsuit against Ally Financial Inc. and its GMAC Mortgage division, alleging fraud that could involve hundreds of foreclosures in the state and asking for civil penalties of up to $25,000 for every violation of the state's consumer laws. [ See Press Release ] "Authorities in at least six other states [read post]
21 Oct 2014, 12:27 pm
GMAC, as most of you likely know, was General Motors' financial group. [read post]
1 Oct 2010, 8:45 am
Our Massachusetts bankruptcy blog recently reported that GMAC Mortgage had stopped all foreclosure proceedings because of improper documentation. [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]
16 Nov 2011, 8:47 am
Prior to its conversion, it operated as GMAC, the financing firm of General Motors. [read post]
21 Mar 2011, 6:15 am
Last week the Attorneys General from all 50 states presented their proposed settlement to the 5 largest mortgage servicers, Bank of America, Wells Fargo; J.P. [read post]
