First the Wall Street Journal and now NPR, is following the news originally broke by HousingWire that a “Robo signer” is partially responsible for GMAC’s foreclosure woes… Jacob Goldstein reports: How did a middle manager at GMAC Mortgage sign off on 10,000 foreclosures a month? He didn’t read the paperwork like he was supposed to. The company (part of Ally Financial, a Planet Money sponsor) recently halted evictions in dozens of states, after news of the robo-signer came to light, NPR reports. The case — which could allow thousands of homeowners to challenge their evictions — has triggered other reports this week of sloppy foreclosure practices.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
Most Popular Articles
Compass files ethics complaints against Zillow in 26 states
Compass filed ethics complaints alleging Zillow false advertising across 26 states, 55 MLSs and 30 Realtor associations.
Jul 14, 2026
-
MBA reports June decline in mortgage credit availability
Jul 14, 2026 -
Randian urges loanDepot to consider sale, reassess leadership
Jul 16, 2026 -
Foreclosures climb 21% in first half of 2026, pushed by higher stress in FHA, VA mortgages
Jul 16, 2026 -
Housing costs, delayed marriage and the first-time buyer squeeze
Jul 16, 2026 -
Stanley Martin buying Holiday Builders highlights hyper-scale shift
Jul 16, 2026
Latest Articles
Finance of America’s Graham Fleming on HECM demand, second liens and Onity deal
Finance of America continues to be one of the main faces of the reverse mortgage industry. Last year, FOA was No. 2 nationally for Home Equity Conversion Mortgage endorsements, and the publicly traded company will look to build on a strong first quarter when it releases its second-quarter earnings report on Aug. 4.
-
Can the housing market weather Iran conflict 2.0 and higher rates?
-
California condo defect liability bill on deck after recess
-
How ROAD aims to boost housing supply and cut red tape
-
Most retirement savers want an ‘easy button’ for planning
-
What the ROAD to Housing Act can — and can’t — do for affordability
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio