Connecticut Attorney General Richard Blumenthal is probing GMAC Mortgage, one of the nation’s largest servicers of home loans, over what he claims are “defective foreclosure documents” filed in Connecticut. Mr. Blumenthal is demanding that GMAC Mortgage, a unit of Ally Financial Inc., freeze all foreclosures in the state. Ally Financial is majority-owned by the U.S. government. “The bank’s apparent failure to follow basic legal procedure—a potential fraud on the court—is appalling and unacceptable,” Mr. Blumenthal said. “Our investigation will enable strong legal action against GMAC/Ally, if warranted by the facts and the law. I will fight to assure the banks comply with clear legal requirements that protect homeowners from unfair foreclosures of their homes.”
Connecticut attorney general probes GMAC mortgage
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects