ProPublica – GMAC’s ‘Robo-Signers’ Draw Concerns About Faulty Process, Mistaken Foreclosures

GMAC’s ‘Robo-Signers’ Draw Concerns About Faulty Process, Mistaken Foreclosures by Marian Wang ProPublica Several states are investigating and others have ordered a freeze on foreclosures by Ally Financial’s GMAC mortgage unit after the company said last week it was suspending foreclosure evictions and sales in 23 states due to “a procedural error” that could require … Read more

When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors

When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors by Karen Weise ProPublica Arthur and Alberta Bailey are about to lose their home near New Orleans, and their mortgage company says one thing stands in the way of relief: The investors who own their mortgage won’t allow any modifications. It’s a story heard again … Read more