Tuesday, September 28, 2010

Conn., Calif. join probe of Ally: GMAC investigations

Conn., Calif. join probe of Ally:
"Attorneys general in Connecticut and California ordered Ally Financial's GMAC mortgage unit to freeze all foreclosures within their borders, joining a growing list of states investigating whether the firm and other lenders improperly kicked people out of their homes.

Connecticut Attorney General Richard Blumenthal on Monday accused Ally of using 'defective foreclosure documents' in its filings and said he ordered the moratorium 'to forestall horrendous, illegal harm against homeowners.' California Attorney General Edmund G. Brown Jr. on Friday called Ally's document review process a 'sham.'"

click title link above for full Washington Post report.

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