Posts Tagged ‘GMAC home loans’

GMAC… Payments or Not, The Foreclosure Machine that Just Won’t Stop

Written on 15 Jan, 2011 at 1:55

The first time GMAC foreclosed on the couple's home was back in 2001. Totally current on their mortgage payments, it must have come as quite a shock. Once in foreclosure, GMAC wouldn't accept their monthly payments, so... (Continue reading)

Tagged with: a foreclosure machine al de molina ally bank bailouts Bank Fraud bank of america banksters Cleveland Plain Dealer diana olick elizabeth warren Fairbanks Capital Corp FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosure fraud fraudclosure GMAC home loans HAMP illegal foreclosure jpmorgan chase loan modifications lost assignments lost notes mandelman matters martin andelman mfi-miami Michael and Pamella Negrea michael carpenter ml-implode mortgage refinancing mortgage servicers NACA REST Report robo-signers shame the banks TARP too big to fail Treasury Secretary Tim Geithner wells fargo bank

GM, GMAC & the US Government… Have You No Shame?

Written on 3 Aug, 2010 at 12:23

The workers at the NUMMI plant were quite familiar with GMAC, because the mortgage lender was the only mortgage lender given access to the plant employees to sell them on refinancing their homes. "Put your cars, your credit cards... everything... (Continue reading)