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News: NY Banking Dept. Requests Suspension of Foreclosure Actions

The following is from the NY Banking Department’s website: October 8, 2010 To the Institution Addressed: Recent events surrounding the foreclosure process of several mortgage loan servicers and the use of individuals identified as “robosigners” to execute affidavits without proper verification have raised considerable concerns for the Banking Department. As you may be aware, on […]

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News: GMAC Halting Home Foreclosures

While we are not yet sure if GMAC is actually stopping its pending foreclosure actions in NY, although we hope that they are, the following is from a recent Bloomberg.com article  entitled “Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States:” Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt foreclosures on […]

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