Dakin Campbell Bloomberg News - Detroit-based Ally Financial Inc. , the auto lender majority-owned by taxpayers, has received U.S.
Published News » Mortgage Lawsuits
Ally Financial gets Treasury's OK to put ResCap mortgage unit into bankruptcy
Posted by mortgage 13 days ago (Editorial)
INSIGHT-UPDATE 1-Ally's mortgage unit problems come full circle=2
Posted by mortgage 14 days ago (Editorial)
ar buyers. ResCap bondholders want to getback as much money as they can. And private equity firm CerberusCapital Management LP - which bought a controllingstake of GMAC in 2006, but saw its share winnowed ...
Insight: Ally's mortgage unit problems come full circle
Posted by mortgage 14 days ago (Editorial)
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion in taxpayer bailouts. The board, including directors named by the U.S. government ..
Insight - Time running out for Ally Financial's restructuring
Posted by mortgage 14 days ago (Editorial)
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion (10 billion pounds) in taxpayer bailouts. The board, including directors named by ..
Time running out for Ally Financial
Posted by mortgage 14 days ago (Editorial)
Interviews with people directly involved in Ally?s restructuring reveal how missed opportunities, competing interests, lax oversight from the government and bad luck have stymied Ally
INSIGHT-Time running out for Ally Financial's restructuring=2
Posted by mortgage 14 days ago (Editorial)
money as they can. And private equity firm CerberusCapital Management LP - which bought a controllingstake of GMAC in 2006, but saw its share winnowed down aftergovernment bailouts - would like to recover ...
UBS loses bid to dismiss FHFA mortgage debt case
Posted by mortgage 16 days ago (Editorial)
(Reuters) - A U.S. judge has rejected UBS AG's bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
UPDATE 2-UBS loses bid to dismiss FHFA mortgage debt case
Posted by mortgage 16 days ago (Editorial)
* Fannie Mae, Freddie Mac said to lose money on mortgagedebt * Judge refuses to dismiss securities law claims * Judge dismisses negligent misrepresentation claims * Lawsuit one of 17 brought by FHFA (Adds ...
Sort News
Saved Stories
Mortgage How to Get is an informational resource about mortgage news and information.