Topic: GMAC Mortgage LLC

Banks will hold off on some holiday foreclosures

0 View Larger Image . Season of sharing, take 1. . . Got an e-mail from Wells Fargo responding to my column this week suggesting that banks...
U.S. housing remains on life support and government plans to "fix" mortgages by increasing down payments may end up pulling the plug a housing...
Ally to pay $462 million to settle liabilities over mortgages it sold to Fannie MaeAlly Financial Inc. says its mortgage unit will pay $462 million to settle buyback claims on $292 billion in home loans that it sold to Fannie Mae before ...

On Foreclosures and Local Knowledge

The next book I'm going to be reading is Amar Bhide's A Call for Judgment: Sensible Finance for a Dynamic Economy, a book that has been well...

GM's Massive Taxpayer IOU Remains

Anyone who skimmed the headlines about General Motors' (GM) bailout repayment in April could be forgiven for wondering why we're still talking...
A U.S. Treasury Department review of foreclosures has found "widespread" and "inexcusable" breakdowns in the process, Assistant Treasury Secretary ...
Fed governor Duke backs fund to compensate borrowers who wrongly lost homes to foreclosureA Federal Reserve official voiced approval Thursday for a fund that would compensate borrowers whose homes were improperly foreclosed upon.Fed Gov. Elizabeth Duke told a House subcommittee that ...
The U.S. Treasury Department doesn't have the authority to oversee banks' foreclosure practices despite concerns that lenders cut corners when...
Officials in 50 states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.. More than 2.5 million homes have been lost to ...
Texas mortgage company halts some foreclosures so it can review handling of documentsLitton Loan Servicing LP is the latest mortgage company to halt some foreclosures and evictions so it can review its process for handling foreclosures.Houston-based Litton made the disclosure Friday ...