BUSINESS
12/11/2010 05:12 am ET Updated May 25, 2011

Did GMAC Try To Silence A Lawyer Who Exposed Its Alleged Foreclosure Fraud?

Is GMAC Mortgage, the company under siege by numerous state attorneys general and members of Congress for its use of dubious foreclosure legal filings, trying to silence the lawyer who exposed the bank's practices? So says Thomas Cox, the Maine attorney whose case is at the center of GMAC's ongoing debacle.

It's been a rough few weeks for GMAC Mortgage, a subsidiary of the bank Ally Financial, which was bailed out by American taxpayers in 2008 to the tune of $16 billion. The first domino fell when Bloomberg reported on September 20 about a leaked internal memo directing mortgage brokers in 23 states to halt foreclosure evictions and sales, adding that the company may "need to take corrective action in connection with some foreclosures."

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