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 ..
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Insight: Ally's mortgage unit problems come full circle
Posted by mortgage 16 days ago (Editorial)
INSIGHT-UPDATE 1-Ally's mortgage unit problems come full circle=2
Posted by mortgage 16 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 ...
Understanding the Current Securitization Process and it's Problems for Creditors
Posted by mortgage 55 days ago (Editorial)
Recent Securitization Issues for Creditors as Explained by Lance Denha of the Law Offices of Lance Denha PA. 954-840-0770(PRWEB) March 28, 2012 In an era where a very large portion of mortgage obligations have been securitized, foreclosure becomes an intriguing process for close examination by securitization reporters, legal counsel and related parties. In February of 2012, Lance Denha ...
More than 40 Percent of Mortgage Industry Quality Control Problems Are Due to Missing Documentation and Data Integrity ...
Posted by mortgage 120 days ago (Editorial)
Interthinx announced today that it has identified two major defects in the outsourced Quality Control programs of lenders that affected residential mortgage loan files in 2011 and
Consumer Agency Sees Problems in Student Loan Business
Posted by mortgage 131 days ago (Editorial)
The Consumer Financial Protection Bureau?s new director compared some of the industry?s tactics to those of the subprime mortgage market.
Mortgage Rates Fall on Greece's Debt Problems
Posted by mortgage 201 days ago (Editorial)
Greece gave us democracy and this week it gave us lower mortgage rates. Well done, Greece.
State targets mortgage scams, but problems persist
Posted by mortgage 215 days ago (Editorial)
Will Evans California Watch George Bolanos The state Department of Real Estate issued a desist-and-refrain order
Land Contract Can Bypass Appraisal, Credit Problems
Posted by mortgage 243 days ago (Editorial)
If you're having trouble buying or selling a home due to appraisal issues or other lender problems, you might consider a land contract. Land contracts tend to be popular during times when
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