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1. 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
2. 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
3. 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
4. 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
5. 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
6. Fed Chair Nominee Has No Plans for Quick End to QE - Janet Yellen testifies...
Yellen, who has been a close ally of Bernanke since she became vice chair in 2010. Yellen admitted that the program, which has more than quadrupled the assets on the Fed's balance
7. 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
8. 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
9. 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
10. Movie Critical of Fed Policies - Money for Nothing: Inside the Federal Reserve...
Widely seen as a strong ally of Bernanke on policy, Yellen clearly would have directed the film differently. e-mail writer: email@example.com next story back to current headlines
11. New Terms for Servicer Settlement - Only two servicers have so far agreed to...
Citigroup Inc. and Ally/GMAC . But homeowners, housing counselors and state attorneys general have complained that the banks are not complying with many of the 304 standards they
12. 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
13. 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 $
14. 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
15. 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
16. 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
17. 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
18. Foreclosure Timelines to Increase More Rapidly in Non-Judicial States - RMBS...
GMAC was the only servicer ... overall uncertainty of future operations. GMAC reportedly has the worst roll ... from Homeward Residential Inc. and GMAC. "Moody's expects that timelines
19. Ally Stiffed on Warehouse Line - Charges filed against Steven Pitchersky | Aug. 5,...
Stories about legal settlements, judgments and mortgage class actions. Ally Stiffed on ... for three years. Ally, which previously did business as GMAC Bank, provided Nationwide
20. California Man Charged in Multi-Million-Dollar Mortgage Fraud Scheme - Department ...
Ally Bank that caused the bank a loss of approximately $5.3 million. If convicted the defendant faces a maximum possible sentence of 20 years' imprisonment, three years'
21. Ocwen Originations Off, Servicing Subsides - Q2 mortgage production down 21...
ResCap for $129 million. Altisource is a ... Freddie Mac loans were acquired from Ally Bank through a series of previously ... but $1.5 billion of the Ally portfolio. MSRs on around $83.6
22. Mortgage Firms Continue Building Management Teams - Recent executive appointments ...
Before joining RFC, Roque served as Prime ... executives to its ranks. Former GMAC Mortgage employee Scott Medrow was ... also came to GMH from GMAC while Burley transitioned to the
23. HAMP Players Shuffled - 878,753 active permanent HAMPs as of May | July 15, 2013 |...
Ally Bank . On the other side of Ocwen's gain was GMAC Mortgage LLC , which went from reporting 35,259 active HAMPs in April to none in May. Next was Wells Fargo Bank, N.A., where
24. Non-bank Servicers Pick Up $500 Billion in MSRs - Larger firms currently dominate ...
Bank earlier this month for $2.5 billion. Ocwen acquired MSRs on $85 billion in loans from Ally Bank a month earlier. Walter Investment Management reported in February that it
25. HUD Warns Servicers - Servicer settlement standards missed | June 19, 2013...
Fargo & Co., Citibank and Ally Financial was reached in February 2011. Former North Carolina banking commissioner Joseph A. Smith Jr. was appointed in February 2012 by the Obama