GMAC / Ally Financial

Does Your Mortgage Loan Servicer Participate in Loss Mitigation?

 Does your mortgage loan servicer participate in the Home Affordable Modification Program? Here is a list of the mortgage loan servicers (not mortgage lenders) who participate in the Federal Government’s Home Affordable Modification Program (HAMP), according to the Federal Governement itself (as of April 30, 2013). Please note this list does not include lenders and/or… Read more »

National Mortgage Settlement & CFPB Monitoring of Loan Transfers

National Mortgage Settlement and the Consumer Financial Protection Bureau’s Monitoring of Loan Transfers Are National Mortgage Settlement defendants transferring mortgage loans to other servicers in an attempt to avoid their obligations under the NMS? As an attorney who represents mortgage loan borrowers and homeowners, I am sensitive to the needs, complaints, and fears of my… Read more »

National Mortgage (DOJ) Settlement: 10 Ways in which Big Banks Broke the Law

National Mortgage (DOJ) Settlement: 10 Ways in which Big Banks Broke the Law On March 14, 2012 the United States of America and 49 of the 50 US states (all but Oklahoma) filed a complaint in the United States District Court for the District of Columbia against numerous mortgage loan servicers, including Bank of America,… Read more »