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[PDF File]GMAC Mortgage, LLC
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dealer loans and the GMAC loans typically required GM to repurchase cars that remained unsold after a certain amount of time.3 GMAC’s loans to consumers who bought a GM car also were generally profitable, with the majority of GMAC’s auto loans considered “prime loans,” meaning that GMAC loaned money to customers with high credit scores.4
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[PDF File]In the United States Court of Appeals
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A. Gr eat Moves, through GMAC Mortgage Corp., offers home equity loans and mortgage loans, including reﬁ nancing. Special offers include interest rate reductions or money off closing costs and special introductory rates on home equity lines of credit.1 Q. Wha t types of selling, buying and moving services are offered?
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[PDF File]1 NOT TO BE PUBLISHED IN OFFICIAL REPORTS
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1 GMAC and Chrysler Financial were founded as captive automobile credit companies; in 2006, Cerberus Capital Management, a private equity holding company, purchased 51% of GMAC and in 2007 bought 100% of Chrysler Financial, thereby severing each from control by the respective automakers. Unlike Old GM and Old Chrysler, neither
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[PDF File]CIVIL ACTION NO. 08-12166-RGS DARLENE MANSON, …
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moved out of the Fallbrook property in January 2009 and stopped repaying her loans to 4 GMAC assumed the loan as the successor to GreenPoint Mortgage Funding, Inc. 5 At trial in this action, Steven admitted he also forged the notary jurat for Bebe Walker, the notary named in the 2004 quitclaim deed.
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Government Assistance for GMAC/Ally Financial: Unwinding ...
loan servicer, GMAC Mortgage LLC (“GMAC”), bought lender-placed insurance (“LPI”) from Balboa Insurance Company and MeritPlan Insurance Company (together, “Balboa”) at rates that were approved by regulators. GMAC then ... Lenders seldom hold or manage individual mortgage loans. Such loans
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GMAC ResCap - Wikipedia
(“ResCap”) and GMAC Mortgage, LLC (“GMACM” or “GMAC Mortgage” and together with ResCap, the “Mortgage Servicing Companies”). Capitalized terms not defined in the Program shall have the meanings assigned to them in the Order. The purpose of this Program is to …
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[PDF File]UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT
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In the United States Court of Appeals For the Seventh Circuit No. 09-2182 SAUL H. C AT AL AN and MIA MORRIS, P laint if fs -App el lants, v. GMAC M ORTGAGE C O RP., D efend a nt-A pp ellee. Appeal from the United States District Court for the Northern District of Illinois, Eastern Division. No. 05 C 6920—George W. Lindberg, Judge.
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[PDF File]Government Assistance for GMAC/Ally Financial: Unwinding ...
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GMAC MORTGAGE, LLC, U.S. BANK NATIONAL TRUST ASSOCIATION, ... serviced home mortgage loans while U.S. Bank acted as the trustee for the securitized ... and bought the home. Id. ¶ 6. On April 29, 2008, an employee of Harmon executed a mortgage assignment that transferred Manson’s mortgage from MERS to GMAC. Id.
who took over gmac loans

[PDF File]Taxpayers Continue to Own 74% of GMAC (Rebranded as Ally ...
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Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake Congressional Research Service Summary Ally Financial, formerly known as General Motors Acceptance Corporation or GMAC, provides auto financing, insurance, online banking, and mortgage and commercial financing. For most of
who services gmac mortgage loans

[PDF File]Frequently Asked Questions About Your GM Supplier Discount ...
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loans made to borrowers with patchy credit histories. Born of weaker lending staidards in 2005 and partic-ularly 2006 as the housing market slowed, the dis-tressed mortgages have come back to haunt many lenders. Dozens have had to shut their doors. Others, such as GMAC's mortgage unit, have suffered losses. • The mortgage unit Resi-
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Who bought gmac mortgage loans