Relevant:
- GMAC suspends evictions after affidavits challenged
- GMAC Drew `False Testimony' Sanction Years Before Eviction Halt
- Kirby McInerney LLP Files Class Action Lawsuit Against GMAC Mortgage Alleging an Illegal ...
- Kirby McInerney LLP Files Class Action Lawsuit Against GMAC Mortgage Alleging an Illegal ...
- Kirby McInerney LLP Files Class Action Lawsuit Against GMAC Mortgage Alleging an Illegal ...
2010-09-21 — nakedcapitalism.com
"The news reports on GMAC Mortgage’s decision to halt evictions and foreclosure sales in 23 states, as originally reported by Bloomberg News, has generated keen interest in the mortgage and securitizaion communities. One reason is the oddly abrupt and broad nature of GMAC Mortgage’s action. GMAC Mortgage subsequently issued a rebuttal of sorts to the article. Not only did it fail to clairify matters, it is inconsistent with the actual notice it sent last week."
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Comments:
Jess Badlybent at 18:57 2010-09-21 said:
Way too much effort has been dedicated to preserving inflated property values at the expense of future generations of Americans. Is this just another ploy to stem the tide of foreclosure properties going to open market and forcing lenders to realize the true value of their assets? Think about it. Permalinkadd a comment | go to forum thread
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