Ally Financial, f/k/a GMAC LLC, became a bank holding company. Mortgage; (b ) the Federal National Mortgage Association, the Federal Home Loan Mortgage. affidavits and other mortgage-related documents that were not properly notarized,. 120 days of the start of the engagement; and [page break].
VA Loans for Veterans VA Loan is a home-mortgage option available to united states veterans, Service Members and not remarried spouses.. The Home Equity theft reporter: ally/gmac Begins Withdrawing Affidavits From Another “Robo-Signer”.
"Robo-signers," employees at mortgage servicers that sign thousands of foreclosure documents without review Several states have ordered a freeze on foreclosures by Ally Financial’s GMAC mortgage unit One robo-signer, Jeffrey Stephan, has signed off on as many as 10,000 foreclosures a month.
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The Home Equity Theft Reporter: Ally/GMAC Begins Withdrawing Affidavits From Another "Robo-Signer" Robo-Signers Under Scrutiny – Foreclosures Temporarily Halted. Defining a Robo-Signer. Large mortgage lenders with tens of thousands of defaulted loans to deal with have been Basically it.
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3. For the unfamiliar, robo signing or robo signers are not actually robots built by the banks to process foreclosure documents, but rather a Robo signers will falsely represent themselves as being a loan officer for the bank when they are not, and they will sign off on legal documents without a notary being.
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