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Fitch Ratings has placed the following U.S. residential mortgage servicer ratings of GMAC Mortgage LLC on Rating Watch Negative:
The mortgage lender stopped lending in the commonwealth in December, following Attorney General Martha Coakley's announcement she was suing GMAC along with Bank of America, Wells Fargo, JP Morgan Chase, Citi and the Mortgage Electronic Registration System (MERS).
Fitch Ratings has affirmed the following U.S. residential mortgage servicer ratings for GMAC Mortgage LLC as follows (These servicer ratings formerly were under the name of
FORT WASHINGTON, Pa. , Jan. 2, 2012 /PRNewswire/ -- GMAC Mortgage, LLC (GMACM), today announced that it has donated a home to an Army veteran in Columbia, S.C. GMAC Mortgage worked with Military Warriors ...
One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it will stop purchasing new mortgage loans written by third parties in the state.
One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it will stop purchasing new mortgage loans written by third parties in the state.
As of Monday, GMAC Mortgage, the mortgage lender of Ally Financial Inc., will cease wholesale and correspondent lending in Massachusetts.

GMAC halts some mortgage loans in Mass.

Posted by mortgage 172 days ago (Editorial)
Washington -The mortgage unit of Detroit-based lender Ally Financial Inc. has halted servicing new loans in Massachusetts, one day after the bank and four others were sued by the state attorney general's office.

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