Gmac

The Mortgage Mess: Just How Many Screwups Were There?

HuffingtonPost.com | Ben Hallman | Posted 05.30.2012

Read More: Foreclosure Crisis, Mortgage Settlement, National Mortgage Settlement, Gmac, Independent Foreclosure Review, Ally Financial, Business News

Trying to count the number of bank screwups during the foreclosure crisis is a little like guessing the amount of change in a huge jar: You can see th...

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Mortgage Unit Of Government-Owned Lender Nearing Bankruptcy

Reuters | Posted 05.14.2012

Read More: Video, Rescap Ally Financial Bankruptcy, Rescap-Bankruptcy-Ally-Financial, Rescap, Reuters, Ally Financial, Business News, Rescap-Bankruptcy, Gmac, GMAC Bailout, Business News

By Rick Rothacker and Paritosh Bansal NEW YORK, May 13 (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankrupt...

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Home Insurance Abuse Will Survive New Fannie Mae Rules, Critics Say

HuffingtonPost.com | Ben Hallman | Posted 04.03.2012

Read More: Mortgages, Foreclosure Crisis, Home Insurance, Bank of America, Fannie Mae, Financial Crisis, Foreclosure, GMAC Mortgage, Gmac, Forced Place Insurance, Business News

New Fannie Mae rules meant to lessen the cost of expensive bank-imposed home insurance would fail to curb some of the most abusive industry practices,...

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Mortgage Settlement: The Deal That Divided The Democrats

HuffingtonPost.com | Ben Hallman | Posted 03.13.2012

Top law enforcement officers from most of the 50 states gathered last week in Washington, D.C., for the annual spring meeting of state attorneys gener...

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What The Mortgage Settlement Won't Cover

HuffingtonPost.com | Janell Ross | Posted 02.09.2012

Read More: West Palm Beach, Mortgage Settlement, Robo-Signing, Florida Foreclosures, Mortgage Settlement Deal, Ally Financial, Hud, Florida, Foreclosure, Gmac, Foreclosure Fraud, Video, Business News

On September 25, 2010, Monica and Ricardo Zapata should have been out celebrating their tenth wedding anniversary, or enjoying a candlelight dinner in...

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After AG Lawsuit, Lender To Stop Buying New Mortgages In Massachusetts

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011

Read More: Citigroup Inc., Foreclosure Crisis, Video, Inc, Bank of America Corp., Mortgage Electronic Registration System, Foreclosure, JPMorgan Chase & Co., Wells Fargo & Co., Ally Financial Inc., General Motors Acceptance Corp., Gmac, Housing Crisis, Attorney General Martha Coakley, Housing Bubble, Business News

NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...

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White House Foreclosure Prevention Program Had Minimal Oversight: Report

Posted 12.04.2011

Read More: Treasury Department, Video, Foreclosure Crisis, Loan Modifications, Mortgage Servicer, Homeowners, Foreclosure Prevention, Propublica, Gmac, Housing Crisis, Foreclosure Abuse, Business News

By Paul Kiel, ProPublicaWhy has the administration’s flagship foreclosure prevention program been so ineffective in helping struggling homeowners ge...

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Internal Documents Reveal GMAC Engaged In Mortgage Fraud

ProPublica | Paul Kiel | Posted 09.26.2011

Read More: Mortgage Fraud, Mortgage Crisis, 2008 Financial Crisis, Paul Kiel, Subprime Mortgages, Propublica, Gmac, Subprime Mortgage Crisis, GMAC Bailout, Business News

GMAC, one of the nation's largest mortgage servicers, faced a quandary last summer. It wanted to foreclose on a New York City homeowner but lacked the...

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Allstate's Three-Month Catastrophe Losses Equal All Of Last Year's

Posted 09.12.2011

Read More: Detroit, Allstate, Quarter 2, Taxes, Northbrook, Illinois, Home-Insurance, Gmac, Auto Insurance, GMAC Bailout, Video, Business News

BANGALORE (Aditi Sharma) - Allstate Corp (ALL.N), the largest publicly traded U.S. home and auto insurer, said it sees pre-tax catastrophe losses ...

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Retired Floridian Returns Home To Find His Home Foreclosed Upon, By Mistake

HuffingtonPost.com | Jason Linkins | Posted 08.27.2011

Read More: Eat the Press, Housing Market, Banks, Foreclosures, Bank of America, Business News, Foreclosure Mess, Foreclosure, Foreclosure Mistakes, Gmac, Housing Crisis, Business News

Here's a friendly reminder to everyone who has summer vacation plans: Before your departure date, it's a good idea to solicit the help of a trusted fr...

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WATCH: 60 Minutes' Devastating Look At The Mortgage Crisis

The Huffington Post | William Alden | Posted 06.04.2011

Read More: JPMorgan Chase, Mortgages, Foreclosure Crisis, Robo-Signers, 60 Minutes, Home Prices, Wells Fargo, Economic Crisis, Mortgage Crisis, Business News, Bank of America, Sheila Bair, Gmac, Citigroup, Video, Business News

The mortgage crisis is far from over. 60 Minutes takes a new look at the state of the foreclosure crisis, interviewing homeowners, a regulator and s...

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The Rise & Fall Of Florida's Foreclosure King, David J. Stern

AP | MICHELLE CONLIN | Posted 05.25.2011

Read More: David Stern, Foreclosure King, Foreclosure Lawyers, Bank of America, Goldman Sachs, Gmac, Business News, Business News

FORT LAUDERDALE, Fla. — During the housing crash, it was good to be a foreclosure king. David Stern was Florida's top foreclosure lawyer, and he...

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The Most Sued Companies In America

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: General Electric, Goodyear Tires, Slidepollajax, Bank of America, British Petroleum, Most Sued Company, Gmac, Business News

Believe it or not, BP, which oversaw the largest offshore oil spill in U.S. history, did not draw the most federal lawsuits in 2010. Industrial fi...

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Obama Backs Foreclosure Probe By States, But Is Against Moratorium, Gibbs Says

Bloomberg | Roger Runningen and Julianna Goldman | Posted 05.25.2011

Read More: Affidavits, Attorneys General, Robert Gibbs, White House, Bank of America, JPMorgan Chase, Banks, Foreclosure Moratorium, Ally, Obama, Foreclosure, Foreclosure Rate, Gmac, Politics News

President Barack Obama is throwing his support behind state attorneys general looking into filings of allegedly faulty home foreclosures while rejecti...

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Senate Foreclosure Hearing Set For November

Reuters | Posted 05.25.2011

Read More: Affidavits, Senate, Foreclosure Hearing, Bank of America, Chase, Financial Crisis, Ally, Foreclosure, Gmac, Foreclosure Fraud, JP Morgan Chase, Politics News

The Senate Banking Committee will hold hearings after next month's elections to look into allegations that the nation's largest lenders have improperl...

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Inside The Tales Of Mistaken Foreclosures

AP | MICHELLE CONLIN | Posted 05.25.2011

Read More: Foreclosure Mess, Bank of America, Housing Market, Foreclosure Mistakes, Gmac, Housing Crisis, Wells Fargo, Business News

Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. m...

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Nervous Insurer Halts New Policies Over Banks' Bad Foreclosure Docs

USA Today | Posted 05.25.2011

Read More: Affidavits, Foreclosure Affidavits, Old Republic, Banks, Foreclosure, Ally, Title Insurance, Wall Street, Gmac, Real Estate, Housing Crisis, JP Morgan Chase, Business News

Old Republic National Title Insurance, among the nation's largest title insurance companies, will no longer write new policies for homes foreclosed up...

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Jonathan Weil: Saving Americans Requires Sticking It To Them

Bloomberg | Jonathan Weil | Posted 05.25.2011

Read More: Tarp, Treasury Department, Economic Recovery, Foreclosure Crisis, Ally Financial, Economic Crisis, Gmac, Jonathan Weil, Business News

The banks were saved by the American people. Now who will save the people from the banks? ...

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GMAC Halts Some Evictions

AP | JANNA HERRON | Posted 05.25.2011

Read More: Foreclosure, GMAC Eviction, GMAC Eviction Lawsuit, Foreclosure Fraud, Gmac, Ally Bank, Business News

NEW YORK — GMAC Mortgage LLC said Monday it halted certain evictions and sales of foreclosed homes as it corrects "a potential issue" in its for...

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'Foreclosure Department Supervisor,' No Experience Necessary

Pro Publica | Marian Wang | Posted 05.25.2011

Read More: Base Pay, Foreclosure Crisis, Chase, Housing Crisis, Foreclosure, Business News, Banks Hiring, Staffing Agency, Foreclosure Jobs, Gmac, Business News

For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase...

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Short Sales Resisted Foreclosures Are Revived

The New York Times | Michael Powell | Posted 05.25.2011

Read More: Business News, Bank of America, Mortgage Crisis, Foreclosures, Foreclosure Crisis, Sousing Market, Gmac, Retirement, Short Sales, Business News

Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause. But hard-pressed homeowners like Ly...

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The Maine Home That Started The Foreclosure Freeze

The New York Times | David Streitfeld | Posted 05.25.2011

Read More: Foreclosure Crisis, Foreclosures Maine, Banks, Foreclosure Moratorium, Foreclosure Freeze, GMAC Mortgage, Gmac, Business News

All of this is largely because Mr. Cox realized almost immediately that Mrs. Bradbury's foreclosure file did not look right. The documents from the le...

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Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011

Read More: JP Morgan Chase, Fraud, Foreclosures, Gmac, Bank of America, Wall Street, Ally Bank, Bailouts, Bonuses, Big Banks, Tarp, Showdowns, Brian Moynihan, Financial Crisis, Jamie Dimon, Hamp, National People's Action, Loan Modifications, Business News

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

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Insiders Ignored Foreclosure Crisis Signals For Years

The Huffington Post | William Alden | Posted 05.25.2011

Read More: JPMorgan Chase, Housing Market, Foreclosure Crisis, Default, Wells Fargo, Economic Crisis, Business News, Mortgage Crisis, Bank of America, Fannie Mae, Foreclosure, Gmac, Housing Crisis, Business News

Insiders anticipated the current foreclosure crisis years before it struck and now, it seems, it must get worse before it can get better. System-wide...

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In The Public Interest : The More You Know, The More You Know We Need A Strong CFPB

Ed Mierzwinski | Posted 05.25.2011

Read More: Elizabeth Warren, Wall Street Bailout, Wells Fargo, Mortgage Crisis, Gmac, Wall Street Reform and Consumer Protection Act, Predatory Lending, Wall Street Crisis, Wall Street, Financial Meltdown, Consumer Financial Protection Bureau, Consumer Financial Protection Agency, Cfpb, Banks, Ed Mierzwinski, U.S. PIRG, Citigroup, Politics News

This month's story, dear reader, is about sloppy bank servicing of mortgages, starting with the infamous robo-signers and now escalating to every elem...

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