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News About ALLY OR GMAC OR "Residential Capital" OR ResCap OR Homecomings OR RFC

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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
www.mortgagedaily.com/stories/Executives032714.asp
 
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
www.mortgagedaily.com/stories/SettlementBoa032614.asp
 
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.
www.mortgagedaily.com/stories/SettlementFhfa032114.asp
 
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
www.mortgagedaily.com/stories/ServicerSettlement031814.asp
 
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
www.mortgagedaily.com/stories/OcwenProduction022814.asp
 
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
www.mortgagedaily.com/SuntrustInvestigations022514.asp
 
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
www.mortgagedaily.com/PressReleases/ControlSolutions020414.asp
 
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
www.mortgagedaily.com/LawsuitSuntrust012214.asp
 
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
www.mortgagedaily.com/MctQm012114.asp
 
Risks, Rewards for Fast Growing Servicers - Servicer metrics recently improving | ...
A loans were better in the third quarter for all mortgage servicers except GMAC, which has seen its performance ... Wells Fargo Bank, N.A. Even GMAC's re-modification rate moved higher
www.mortgagedaily.com/ServicerPerformance012014.asp
 
Nearly $8 Billion in 2013 FHFA MBS Settlements - Total could double | Jan. 2...
Oct 29, 2013 Ally Financial Inc. $0.475 May 28, 2013 Citigroup ... chief executive officer of PennyMac and the CEO of GMAC Mortgage LLC. Fannie Mae profile | Freddie Mac profile next
www.mortgagedaily.com/GseSettlements010214.asp
 
Mortgage Market Concentration Likely to Return - Market share has been declining...
IndyMac Bank FSB, Residential Capital LLC and Washington Mutual Inc. Countrywide Financial Inc. and Wachovia Corp. each avoided collapse by finding a suitor. Fannie noted that
www.mortgagedaily.com/MarketConcentration123013.asp
 
FHFA Reaches Another MBS Settlement - Total GSE MBS settlements reach $7 billion |...
PennyMac and the CEO of GMAC Mortgage LLC. Federal Housing Finance Agency, AS CONSERVATOR FOR THE FEDERAL NATIONAL MORTGAGE ASSOCIATION AND THE FEDERAL HOME LOAN MORTGAGE
www.mortgagedaily.com/SettlementFhfaDeutsche122013.asp
 
ResCap Bankruptcy Plan Approved - Ally extricated from subsidiary | Dec. 11, 2013 ...
settlements, judgments and mortgage class actions. ResCap Bankruptcy Plan Approved Ally ... the ResCap bankruptcy. In. re. Residential Capital LLC ... York).. ResCap profile | Ally profile
www.mortgagedaily.com/ResCapBankruptcy121113.asp
 
Ocwen Discloses Texas Layoffs - Job cuts part of national round | Dec. 9, 2013...
Impacted employees were part of GMAC Mortgage, which Ocwen acquired from bankrupt Residential Capital LLC . Last week, 244 ... bankruptcy court for Residential Capital LLC's loan-
www.mortgagedaily.com/LayoffsOcwen120913.asp
 
Cities Find Ally for Eminent Domain Scheme - Lawsuit filed against FHFA | Dec. 5, ...
Stories about legal settlements, judgments and mortgage class actions. Cities Find Ally for Eminent Domain Scheme ... have gained two more allies. A complaint was filed
www.mortgagedaily.com/EminentDomainAclu120513.asp
 
Pa. Jobs Among Hundreds Eliminated by Ocwen - ResCap employees impacted | Dec. 4, ...
Eliminated by Ocwen ResCap employees impacted Dec. 4, 2013 By LINDA ... a $3 billion auction in bankruptcy court for Residential Capital LLC's loan-servicing unit, handed out pink
www.mortgagedaily.com/MctLayoffsOcwenPa120413.asp
 
Servicers Fall Short on Settlement Compliance - Reports filed in federal court...
Chase & Co., firms related to Residential Capital LLC , and Wells Fargo & Co. -- have complied with the settlement rules. A summary of the reports was issued by Joseph A. Smith Jr
www.mortgagedaily.com/ServicerSettlementProgress120413.asp
 
Big Banks Dominate Mortgage Layoffs - Recent mortgage-related layoff activity...
HirePower ranking, which was based on data from last year. The Inc. report said that RFC's headcount had jumped to 901 from 570 a year and a half earlier. But times have turned
www.mortgagedaily.com/Layoffs111713.asp
 
Earnings, Originations and Servicing Off at Ocwen - Q3 production down 32% from...
ResCap transition to the Ocwen technology platform, we will ... historical levels due to the timing involved in transitioning ResCap and OneWest." Ocwen profile next story back to current
www.mortgagedaily.com/OcwenProduction110113.asp
 
Fastest Growing Mortgage Employers - Ranking of companies based on jobs added...
RFC, based in Columbus, Ohio, reported $33 million in 2011 revenues. With an increase of 1,022 jobs, Urban Lending Solutions was No. 4 on the mortgage list. Staffing at the
www.mortgagedaily.com/BiggestEmployers102513.asp
 
Mods Improve Seriously Delinquent Loan Performance - Performance varied by...
The report indicated that 43 percent of GMAC 's modified loans liquidated -- the highest ... to short sales," the report stated. "GMAC's performance has improved since transferring
www.mortgagedaily.com/ModificationPerformance100713.asp
 
Freddie's New CFO Was Ally's CFO  - James Mackey named new CFO | Sept. 30, 2013 | ...
New CFO Was Ally's CFO James ... that previously operated as GMAC Financial Services. While at Ally, he reportedly led a ... Layton. Before starting with Ally in 2009, Mackey was
www.mortgagedaily.com/FreddieCfo093013.asp
 
Tarpon Springs Man Sentenced to 15 Months in Prison for Mortgage Fraud...
Liu, and submitted it to Homecomings Financial LLC in ... his spouse's address. Homecomings Financial LLC approved the ... September 7, 2007, Homecomings Financial LLC wired $
www.mortgagedaily.com/Fraud/PressReleaseLazzari092513.asp
 
9 Lawsuits Filed Over Faulty MBS - Credit union failures blamed on MBS...
Securities, LLC , now known as Ally Securities, were named as defendants in lawsuits ... RESIDENTIAL FUNDING SECURITIES, LLC, n/k/a ALLY SECURITIES, LLC, Defendant. Sept. 24, 2013 (U
www.mortgagedaily.com/LawsuitsNcua092413.asp
 
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