GMAC Mortgage Commissions Nationwide Foreclosure Review
To Review Its Home Foreclosures. GMAC Mortgage is going to review its home foreclosures in all 50 states. GMAC had announced several weeks prior that it would suspend foreclosures in 23 states where home seizures require a court order because of documentation issues. GMAC’s initial announcement was quickly followed by similar … [Read more...] about GMAC Mortgage Commissions Nationwide Foreclosure Review
States Launch GMAC Wrongful Foreclosure Probes
The Nation’s Fourth Largest Home Loan Lender Several state attorneys general have opened investigations into GMAC Mortgage’s foreclosure practices. Several of the attorneys general have ordered GMAC – the nation’s fourth largest home loan lender – to freeze foreclosures in their states. Earlier this month, GMAC Mortgage’s parent … [Read more...] about States Launch GMAC Wrongful Foreclosure Probes
FBI Investigates Wrongful Foreclosures
Investigation Into Possible Wrongful Foreclosures. The FBI wants to know if big lenders broke any laws when they processed foreclosures. The news of the FBI investigation into possible wrongful foreclosures follows the suspension of some foreclosure proceedings by GMAC Mortgage, JP Morgan Chase, Bank of America and other lenders … [Read more...] about FBI Investigates Wrongful Foreclosures
