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News About ALLY OR GMAC OR "Residential Capital" OR ResCap OR Homecomings OR RFC
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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 ... subsidiary of GMAC Residential Holding ... received the RFC complaint. Residential
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. NJPIRG recently used the 2 1/2-year-old bureau's growing database of consumer
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
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
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
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
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
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-
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
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
Pa. Jobs Among Hundreds Eliminated by Ocwen - ResCap employees impacted | Dec. 4, ...
Residential Capital LLC's loan-servicing ... and Walter Investment Management for ResCap, a big subprime mortgage lender ... the mortgage arm of Ally Financial Inc., filed for
Iowa Employees Impacted by Ocwen Layoffs - Job cuts hit three states | Dec. 4...
Mortgage from bankrupt mortgage company Residential Capital LLC. In ... time the ResCap purchase closed, 40 GMAC employees in ... In addition to GMAC ResCap, Ocwen also acquired
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
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
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
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
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
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 $
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
The Mortgage Branch Building Journal - Recent mortgage branch activity | Sept. 20,...
Some firms recruited new allies, while others opened new outposts. One branch network celebrated its 20-year survival in the lending battlefield, and a pair of branch recruiters
Servicers Fight Litigation Over Handling of Loans - Recent activity in servicing ...
Illinois against GMAC Mortgage ... it ordered GMAC and ResCap to pay ... the Matter of ALLY FINANCIAL INC, ALLY BANK, RESIDENTIAL CAPITAL, LLC, and GMAC MORTGAGE, LLC. Docket
New President at PrimeLending - 2 promotions announced | Aug. 27, 2013 | Mortgage ...
LinkedIn profile indicates that his prior employers include GMAC Mortgage, which filed bankruptcy in May 2012; Washington Mutual, which failed in September 2008; GreenPoint