Amid growing public anger over U.S. home seizures, Bank of America Corp has suspended some of its foreclosures and JPMorgan Chase & Co has come under investigation in California and Connecticut. Get the full story »
Inside these posts: GMAC Mortgage
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Illinois AG calls out Ally on foreclosures
The Illinois Attorney General’s office said Friday that it was “demanding” a meeting with Ally Financial, commonly known as GMAC Mortgage, to determine how many Illinois homeowners may be involved in an investigation of the company’s foreclosure procedures and whether the state’s Consumer Fraud Act had been violated. Get the full story »
Ally halts some evictions in Illinois, 22 states
GMAC Mortgage, a unit of Ally Financial Inc., is continuing with new residential foreclosures despite a report it had stopped them, a spokeswoman said Monday.
But some evictions have been suspended while the company reviews its internal procedures, the company said. Get the full story »
