Tuesday, December 28, 2010

GMAC Ally Financial Settles with Fannie Mae over Foreclosures | PersonalFinanceBulletin.com

Note: Foreclosure fraud, Banks continue to deny any wrongdoing.

GMAC Ally Financial Settles with Fannie Mae over Foreclosures | PersonalFinanceBulletin.com:
"Generally the banks have admitted to having inadequate review processes but in their own internal audits have not found incidents of wrongful foreclosures. Nevertheless, state investigations continue, and MBS owners are looking for ways to get out from under failing mortgages that make up large percentages of their portfolios."


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