Foreclosure Fraud Settlement Updates

This is from Dayen at FireDogLake, full post here: Another element of the foreclosure fraud settlement kicking off in the next several weeks are the servicing standards: After failing to adhere to at least two separate sets of servicing guidelines since 2010, lenders are preparing for more than 300 rules that take effect next month on […]

GMAC Mortgage Creditors May Need to File Proof of Claim in ResCap Bankruptcy, Says BK Notice

There have been notices sent to homeowners with GMAC mortgages to file Proofs of Claim before the deadline coming up.  I’ll scan and post a redacted one tomorrow because it gives the information for filing deadlines, etc. Here’s Matt Weidner on the GMAC opposition to the formation of a homeowner’s committee in the ResCap bankruptcy. […]