The Home Equity Theft Reporter: Ally/GMAC Begins Withdrawing Affidavits From Another “Robo-Signer”

The Home Equity Theft Reporter: Ally/GMAC Begins Withdrawing Affidavits From Another "Robo-Signer" After a solid September performance in the bond market, players in the residential mortgage backed securitization space do not appear overly concerned that the recent robo-signing allegations will somehow negatively knock on their trading.

GMAC Mortgage announced that it was suspending sales of foreclosed homes and evictions of borrowers who have fallen behind on the mortgages "Now I see the affidavit in my case was signed by the guy who was all over the news — the so-called Robo-signer," said Fitzgerald, who has hired an.

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Both ditech and parent GMAC/Ally suffered heavy losses when the housing market. in May 2014, both through online lending and affiliated correspondent lenders.. Adjustable mortgage rates are loans that initially begin at a lower interest rate. Home Equity Loans, also known as home equity lines of credit ( HELOC).

Robo-signers,” employees at mortgage servicers that sign. Several states have ordered a freeze on foreclosures by Ally Financial's GMAC mortgage unit, which has. Several other states are investigating GMAC after the company said. The foreclosure affidavits, which established basic facts such as a.

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TAKEYOURHOMEBACK.COM LIST OF ROBO-SIGNERS What is a robo-signer? http It can mean a qualified executive in the mortgage industry signs a mortgage affidavit document without verifying the Robo-signers are also mortgage lending company employees who prepared and signed off on.

GMAC Spotlight On ‘Robo-Signer’. Robbie Whelan. Updated Sept. They are called robo-signers, putting their names on thousands of documents tied to mortgages facing foreclosure. Now, under pressure from borrowers, banks are halting foreclosures where the documents are signed by these.

"Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. We audit, monitor and review our affidavits under Legal documents obtained by the Financial Times suggest that Wells Fargo, the second-largest US mortgage servicer, also used a "robo signer".In a.

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