Ally Financial denies foreclosure moratorium

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Foreclosure scandal involving major lenders brings housing. –  · The news that GMAC, recently renamed Ally Financial, and JPMorgan Chase and Bank of America were stopping foreclosure proceedings in 23 states was merely the beginning.

White House sees no structural’ foreclosure issue – Housing and Urban Development Secretary Shaun Donovan again repeated the White House’s opposition to a national foreclosure moratorium. Bank of America, Wells Fargo WFC, +1.40% J.P. Morgan Chase.

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Ally Financial, fka GMAC Halts Foreclosure Evictions. – Ally Financial, formerly GMAC, the troubled lender that received a massive federal bailout, has temporarily halted evictions on foreclosed homes in 23 states, a company spokesman said Monday. The moratorium was due to “an important but technical defect” in.

GMAC Calls News of Its Foreclosure Moratorium Untrue. – It was reported by Bloomberg Monday that Ally Financial’s GMAC Mortgage had ordered its brokers and agents to halt foreclosures and REO sales on homeowners in 23 states.

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Ally Financial/GMAC mortgage fraud exposes thousands of. –  · Ally Financial/GMAC Mortgage fraud exposes thousands of foreclosures to scrutiny. No one — not even the foreclosed homeowners’ attorneys — is suggesting that this individual exec had any sort of malicious intentions, but the bottom line is that the bank’s business model set him up to perform a task which was humanly impossible: signing 10,000.

Foreclosure Moratorium is Still Not the Answer – The vision of one lone clerk at Ally Financial hastily signing off on thousands of. reckoning it would be both misguided and counterproductive to implement a moratorium on foreclosure proceedings..

PDF Mortgage Moratoria: Buying Time or Delaying the Inevitable? – resume mortgage foreclosure lings (Portlock 2011). Ally Financial and OneWest were next to follow suit less than one week after.8 Earlier in 2010 the Mortgage Bankers Association released a brief outlining the policy case against a moratorium in any state or locality (MBA 2010):

Valuation Partners adds Denise Neely as vice president. – Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Therefore, Freddie Mac has added new Guide Section 54.5, Prohibitions Relating to Foreclosure and Bankruptcy Referrals; Freddie Mac Remedies for Non-Compliance, Ally Financial denies foreclosure moratorium.

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MediaRoom – Press Releases – – Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. ally Bank, the company’s direct banking subsidiary, offers an array of banking products and services.

Ohio Secretary of State Jennifer Brunner on the Foreclosure Crisis Ally Financial Lawsuit Bank of America Halts Foreclosure Sales during Investigation. – Ally Financial and JPMorgan Chase have gone ahead with similar plans. california does not require a court order for foreclosure. But Friday’s moratorium represents the first move by a bank to.