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News About ALLY OR GMAC OR "Residential Capital" OR ResCap OR Homecomings OR RFC
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Chase, the defendants allegedly paid bribes to insiders at GMAC Mortgage LLC and National City ... banker who sold mortgages on behalf of GMAC. Moreno also pled guilty. The payments were
$3 Billion IPO is Biggest for Commercial Bank - RBS subsidiary completes offering ...
Ally Financial, which raised $2.37 billion, and General Electric Co.'s credit card unit, Synchrony Financial, raised $2.87 billion. Citizens, which will list on the New York Stock
Banks Drive Down Mortgage Employment Index - Mortgage industry employment down...
Fargo -1,197 RFC -260 All of the five lenders with the biggest gains were non-banks. Biggest Job Gains by Company Company Net Walter Investment Management 300 PRMI 284 New
Goldman Agrees to $3 Billion in Repurchases - Settlement reached with FHFA | Aug. ...
Goldman in FHFA v. Ally Financial Inc., et al. Reserves were set ... York). FEDERAL HOUSING FINANCE AGENCY, etc., Plaintiff, v. ALLY FINANCIAL INC., et al., Defendants. Case No. 11
Judge Rules RFC Lawsuits Can Proceed - Reps and warranties, indemnification at...
Residential Capital LLC against some big-name ... Company LLC was among 28 ResCap-related entities to file a ... normal rates." While in bankruptcy, RFC settled with investors for $10
Bank Sues BofA Over Handling of Servicing - Plaintiff is Spencer Savings Bank...
Citigroup Inc. and Ally Financial Inc. in a $25 billion settlement with state attorneys general and federal agencies to address mortgage loan servicing and foreclosure abuses and
Allied Loses Lawsuit Against HUD - Case dismissed | Aug. 9, 2014 | Mortgage Daily
Stories about legal settlements, judgments and mortgage class actions. Allied Loses Lawsuit Against ... was 55 percent. Allied filed a motion ... to pay employees. Allied also filed its
Wholesale Lender Offering Alt-QM Program - Impac Mortgage rolls out non-agency...
Impac said it has an edge in the fledgling business because it has lined up a deep-pocketed ally to take the loans off its books. The mortgages are to be purchased as investments
FHFA MBS Settlements Near $20 Billion - Settlement reached with RBS | June 19...
Corporation, Plaintiff, -against- Ally Financial Inc., et al, Defendants.Case No. 11 Civ. 7010 (DLC), complaint filed Sept. 2, 2011; settlement reached June 19, 2014 (U.S.
Stonegate Mortgage President Departing - Daniel Bettenburg gives notice | June 17,...
Residential Capital LLC. On Monday, Stonegate disclosed in a filing with the Securities and Exchange Commission that Bettenburg gave his notice last week. His last day is on July
Walter Investment Explains Green Tree Performance - Green Tree deficient in...
January 2013 from Residential Capital LLC. But unlike other servicers bound by the settlement that were able to implement the measured metrics in stages, Green Tree agreed to
High Grades for 5 in Servicer Settlement, 1 Falls Short - Report card issued by...
Residential Capital LLC. The Walter Investment Management Corp.-subsidiary's progress report, which was filed in federal court in the nation's capitol, indicated that it failed in
Management Changes in Mortgage Lending - Recent mortgage executive promotions and ...
April 23 statement said. He left Green Tree Servicing LLC in March. Ramos' 25 years in the business included time at GMAC Mortgage , MetLife Home Loans and Bank of America Home
FHFA MBS Settlements Nearing $20 Billion - Agreement reached with Barclays...
Barclays and another filed against Ally Financial Inc. that named Barclays as ... FEDERAL HOUSING FINANCE AGENCY, etc., Plaintiff, v. ALLY FINANCIAL INC., et al., Defendants. Case No
Closing Statements Falsified in Mortgage Fraud Scheme - Andrew Constantinou...
Mortgages were issued based on the inflated prices. Constantinou was a loan officer for GMAC from 2006 to 2007 and Countrywide Home Loans from 2007 to 2008. He received
Jury Convicts Former GMAC and Countrywide Loan Officer and Former New York...
E FOR IMMEDIATE RELEASE: April 21, 2014 Jury Convicts Former GMAC and Countrywide Loan Officer and Former ... Constantinou, 57, was a loan officer at GMAC Mortgage from 2006 to 2007 and
Mortgage Executives Promoted, Recruited - Recent mortgage executive activity...
Atlantic region for Allied Mortgage Group , a March 20 statement said. ... Frazier will now run all wholesale operations, Allied said. Both Michaels and Frazier previously worked
Huge MBS Settlement Disclosed by BofA - FHFA lawsuits resolved | March 26, 2014 | ...
PennyMac and the CEO of GMAC Mortgage LLC. Fannie Mae profile | Freddie Mac Profile | Bank of America profile next story back to current headlines Mortgage Backed Securities | MBS
FHFA MBS Settlements Surpass $10 Billion - Non-agency MBS sold to Fannie and...
PennyMac and the CEO of GMAC Mortgage LLC. Federal Housing Finance Agency, ... FEDERAL HOUSING FINANCE AGENCY, etc., Plaintiff, v. ALLY FINANCIAL INC., et al., Defendants. Case No.
Servicers Exceed National Settlement Requirements - Settlement originally reached ...
Citibank, N.A., and Ally Financial Inc . In ... complete its obligations was Ally Financial, which -- along with GMAC Mortgage LLC and Residential Capital LLC -- was certified by
Ocwen Continues Growing Mortgage Servicing Portfolio - Portfolio increases 7...
Faris said in the report. "More importantly, we are nearing the end of our integration of the legacy ResCap loans onto Ocwen's servicing platform. We expect to be able to finish
DOJ Investigating SunTrust for HAMP Handling - TARP OIG also investigating | Feb. ...
The complaint alleges breaches of representations and warranties made in connection with loan sales. The GMAC Mortgage LLC ... allegedly suffered by RFC. SunTrust profile next
Mortgage Firms Find CFPB Compliance Relief With Control Solutions | Feb. 4, 2014 |...
new agency becomes a valued ally to your firm, not an adversary. Under the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, which created the CFPB, virtually
SunTrust Sued by ResCap Unit - Repurchase lawsuit is one of multiple legal...
Stories about legal settlements, judgments and mortgage class actions. SunTrust Sued by ResCap Unit Repurchase lawsuit ... New York). SunTrust profile | ResCap profile next story back
The QM Effect - Many express concern over QM's impact | Jan. 21, 2014 | Mortgage...
Nader, has found a new ally in the federal government _ the Consumer Financial Protection Bureau. This wire news service story is no longer available. However a copy might still