Group demands faster mortgage help Jul 1, 2009
The company would become the 24th in the program, including , Chase Financial, CitiMortgage, and GMAC Mortgage. Government officials estimate the program could help up to 9 million financially troubled homeowners. (Boston Globe)
GMAC near full capacity Jun 19, 2009
It is believed to be the highest GMAC Mortgage employment level in Waterloo in four years. GMAC Mortgage is successor to Banco Mortgage and Norwest Mortgage, which collectively have operated a mortgage servicing center at 3451 Hammond Ave. since 1985 ... While hiring continues, GMAC Mortgage's Waterloo operations have undergone an administrative reorganization. (Waterloo Courier, IO)
This week's foreclosure sales Jun 16, 2009
GMAC Mortgage LLC v. John R. Brisell, et al, 4747 Dixie Drive, Ponce Inlet, single-family residence. Bank of America v. Dobre Petreski, et al, 111 Colina Place, Ormond Beach, single-family residence. (Daytona Beach News Journal -- Business)
Foreclosures sales May 31, 2009
GMAC Mortgage LLC v. Daytona Beach Club Condominium Association, et al, 800 N. Atlantic Ave., Unit 613, Daytona Beach, condo ... GMAC Mortgage LLC v. Carolyne Field Bolton, et al, 1378 Summit Hill Drive, Deltona, single-family residence. (Daytona Beach News Journal -- Business)
Foreclosures May 24, 2009
GMAC Mortgage LLC v. Paula L. Sontos, et al, 1312 Worthington Drive, Deltona, single-family residence. American General Home Equity Inc. v. Keith Reynolds 333 North St., DeLand, single-family residence. (Daytona Beach News Journal -- Business)
Lawsuit Says Eviction Will Hurt Neighborhood May 23, 2009
Attorneys for Rosemary Williams filed the suit in Hennepin County District Court in an attempt to compel GMAC Mortgage LLC to stop eviction proceedings. Attorney Jordon Kushner said lawyers the Central Area Neighborhood Development Organization and 17 of Williams neighbors are plaintiffs in the suit. (Realtor Magazine Online)
Foreclosure sales May 23, 2009
GMAC Mortgage LLC v. David Schloss, et al, 2624 Belmonet Ave ... GMAC Mortgage LLC v. Michael Smith, et al, 4650 Links Village Drive, Unit B-306, Ponce Inlet, condo. (Daytona Beach News Journal -- Business)
Early response to Obama's foreclosure program mixed May 18, 2009
resident Konrad Stutzmann, 39, initially asked GMAC Mortgage to modify the loan on his one-bedroom condo in January after he lost his sales job and secured a lower-paying position elsewhere ... GMAC Mortgage says it has approved 1,750 mortgage modifications under the administration's program and is hiring 300 to 400 people answer homeowners' calls. (Honolulu Advertiser)
Real Estate Records, 5/17 May 17, 2009
Sultana, Vahida and Asgher Mohiuddin, to GMAC Mortgage LLC, 8315 Katrina Lane, 220,480. Sutter Place Properties LLC to Shkolnick, Marc J., 7515 Blanchard Blvd., 187,000. (Beatrice Daily Sun, NE)
Former FDIC chief dies May 14, 2009
GMAC Mortgage, and LML Systems. He is survived by his wife Sally, six children, numerous grandchildren and great-grandchildren. (MSNBC -- Business)
Federal Housing Rescue Plan Launches Apr 18, 2009
They are JPMorgan Chase, Wells Fargo, Citigroup, GMAC Mortgage, Saxon Mortgage Services, and Select Portfolio Servicing. Treasury says it is allocating $50 billion to the program. (Realtor Magazine Online)
GMAC Mortgage Unit: We're Hiring Again Apr 17, 2009
GMAC had in September set plans to cut 5,000 ResCap jobs, or 57 percent, and close all 200 GMAC Mortgage retail offices. The company also said ResCap is making more jumbo loans, which are usually in amounts above $417,000, although borrowers are now putting 20 percent and more down. (ABC News -- Wire)
Lenders say Obama home rescue program light on details Apr 17, 2009
On Wednesday, the Obama administration disclosed the first six companies to sign contracts to participate in the program: Chase Home Finance, Wells Fargo GMAC Mortgage Inc., Citigroup Inc.'s CitiMortgage unit, Select Portfolio Servicing and Saxon Mortgage Services Inc. And the Treasury Department this week put up a Web site to answer mortgage servicers' questions. Hundreds of refinancings under Making Home Affordable have been completed, according to the Treasury. (Albany Times Union)
Six firms to get mortgage incentives named Apr 16, 2009
Besides Wells, the first recipients are Chase Home Finance, GMAC Mortgage, CitiMortgage, Select Portfolio Servicing and Saxon Mortgage Services. Bidder for Saturn. (San Francisco Chronicle -- Business)
GMAC Mortgage Formalizes Participation in Home Affordable Modification Program Apr 16, 2009
GMAC Mortgage LLC signed the HMP servicer participation agreement on April 13, but started early in 2009 to prepare for the program. GMAC Mortgage proactively sent tens of thousands of financial packages to customers it believed would qualify for modifications under the federal program, and to date has distributed more than 100,000 financial packages to homeowners who are potentially eligible for modifications under HMP. ... "We are pleased to be among the first servicers to formalize our... (PR Newswire)
Six lenders get funds to modify mortgages Apr 16, 2009
The other recipients are: , GMAC Mortgage Inc., CitiMortgage unit, Select Portfolio Servicing, and Saxon Mortgage Services Inc.. The program will offer struggling homeowners the chance to obtain modified loans with lower payments. (Boston Globe)
Public records for March 4, 2009 Mar 4, 2009
SUITS: Midland Funding LLC v. Sylvester E. Hanley, in excess of $15,000; Ford Motor Credit Co. LLC v. Christopher R. Coleman, in excess of $15,000; Wells Fargo Bank NA v. Marion Adkins, real property; GMAC Mortgage LLC v. William E. Dent, real property; GMAC Mortgage LLC v. Mark A. Nordquist, real property; Wells Fargo Bank NA v. Richard C. Weldon, real property; Wells Fargo Bank NA v. George Blackwell, real property; Aurora Loan Services LLC v. Alex P. Digges, real property; JP Morgan Chase... (Yahoo News -- Auto Racing)
GMAC to add 250 jobs (12) Feb 25, 2009
Helping borrowers keep their homes will not only benefit the homeowners who have fallen behind but also lenders, said Steve Sesterhenn, Human Resources director at the Waterloo GMAC Mortgage office. "The bottom line is we don't want to own their homes," he said. (Waterloo-Cedar Falls Courier)
Bomb threat forces workers to leave GMAC (2) Mar 15, 2008
ADVERTISING~ Saturday, March 15, 2008 6:25 AM CDT Bomb threat forces workers to leave GMAC WATERLOO --- A bomb threat forced the evacuation on Friday of a GMAC Mortgage Corp. building in Waterloo. Waterloo police and fire departments responded at about 1:15 p.m. to an anonymous call about a bomb at 3451 Hammond Ave. GMAC is one of the Cedar Valley's largest employers. (Waterloo Courier, IO)
Your Money Matters: Say 'I Do' to Home Buying Mar 2, 2008
"Marriage provides a great opportunity to speak candidly regarding finances. Consider discussing the steps to purchase a home, paying down debt and improving credit scores," says Ennio A. Garc a-Miera, a vice president with GMAC Mortgage ... Call GMAC Mortgage at (888) 330-4622 to discuss how you can start the home buying process. (Pekin Times, IL)
GMAC to cut about 930 jobs in auto finance business Feb 21, 2008
GMAC Mortgage Corporate Headquarters is seen March 23, 2006 in Horsham, Pennsylvania. (William Thomas Cain, Getty Images) DETROIT (AP) - The finance company GMAC LLC plans to cut about 930 jobs in its auto finance business as it restructures amid losses. (FOX23 News, NY)
Shaky Economy Signals Opportunity To Refine Online Job-Hunting Skills Feb 21, 2008
The attack affected employment ads for a number of major brands, including Eddie Bauer, () GMAC Mortgage, Best Buy, () Toyota Financial () and Tri Counties Bank. Another challenge is finding the right job among all the clutter. (Investors Business Daily)
Neighborhood still at odds with planned Hammond-Ridgeway signals Jan 11, 2008
Darin Ligtenberg, an engineer with Snyder iates, said the turning lanes and traffic signals will move traffic through the intersection more smoothly, with fewer delays, and can account for peak hours when nearby GMAC Mortgage changes shifts or Kittrell School lets out for the day. "The traffic signal will help it ... operate at its maximum capacity and efficiency for the traveling public," Ligtenberg said. (Waterloo-Cedar Falls Courier)
Lenders ordered to pay $99 million to customers Jan 7, 2008
Residential Funding, which is owned by GMAC Mortgage Group, was ordered to pay 4. 33 million in actual damages and 92 million in punitive damages. (Jefferson City News Tribune, MO)
Most Borrowers Satisfied with Their Mortgage Lender Dec 14, 2007
Wachovia, 827 SunTrust Mortgage, 818 Bank of America, 760 National City Mortgage, 759 CitiMortgage/Citibank, 753 Chase, 752 Industry Average, 750 Wells Fargo, 749 Countrywide Home Loans, 745 GMAC Mortgage, 744 ABN AMRO Mortgage, 740 American Home Mortgage Corp., 736 WaMu, 733 First Franklin, 595. Source: J.D. Power and Associates (12/12/2007). (Realtor Magazine Online)
Amity Cares-Habitat dedication Dec 7, 2007
Amity Senior High School; Carter Drywall; City Point Construction; DiGiorgi Roofing and Siding; GMAC Mortgage Corporation; Werth Family Foundation. Sponsors. (Ivorytown Beacon, CT)
RBN Takes a Bite Out of Monster Nov 22, 2007
The attack affected a slew of companies represented on Monster's Company Boulevard, including Eddie Bauer, GMAC Mortgage, BestBuy, Toyota Financial and Tri Counties Bank. The Monster Company Boulevard allows visitors to research prospective employer companies and search for job openings specifically by company. (eWeek)
Heritage Oaks Bancorp Hires Frederick J. Bond as Senior Vice President of the Mortgage Department Nov 16, 2007
Before joining Heritage Oaks Bancorp, Bond was District Manager and Vice President of GMAC Mortgage, where he managed five offices in San Luis Obispo and Santa Barbara Counties. His primary duties included training cross-selling opportunities, sales techniques, developing loan origination software and recruiting sales staff to all offices. (Primezone Releases)
Medical office gets zoning near Logan Plaza Oct 24, 2007
The projects are Remington Farms, a 38-home rental development behind the Crossroads SuperTarget, and Whitman Point, a 50- to 60-unit assisted living center for seniors in the 1100 block of Flammang Drive, across from GMAC Mortgage. --- Spending 103,400 to buy a new Zamboni ice resurfacing machine for Young Arena from Zamboni Co., of Paramount, Calif. (Waterloo-Cedar Falls Courier)
Phila.-area hit by GMAC job cuts Oct 20, 2007
ResCap will be eliminating about 180 of 1,760 positions among its GMAC Mortgage operations located in Ft. Washington, Pa. and nearby Horsham, Pa. (Philadelphia Business Journal, PA)
State Gov't Looking Into Hannah Montana Tickets Oct 19, 2007
GMAC Mortgage Unit To Cut 3,000 Jobs. Top News Stories. (WCCO.com, MN)
GMAC announces job cuts, including 10 in Waterloo Oct 19, 2007
About 10 jobs at the 780-employee GMAC Mortgage Waterloo operations will be cut, said Gina Proia, a GMAC Financial Services spokeswoman. She said all affected employees would receive severance pay and outplacement services. (Waterloo-Cedar Falls Courier)
GMAC Mortgage Unit To Cut 3,000 Jobs Oct 18, 2007
Oct 17, 2007 5:44 pm US/Central. (AP) Minneapolis GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC mortgage operation. (WCCO.com, MN)
Realogy Resurrects Better Homes And Garden Real Estate Oct 8, 2007
" With the licensing of Better Homes and Gardens, Realogy not only has a brand that's already created, it's one with considerable good will. Long before the Martha Stewart omnipresence, Better Homes and Gardens magazine was the go-to source for decorating, recipes, holiday and other homemaking ideas. Nicely positioned to appeal to the upper-middle-class pocketbook, the magazine was and still is, an elegant yet practical influence on modern homemakers. Today the magazine has a circulation of 7.6... (RealtyTimes)
Family men fight over New Britain Oct 4, 2007
The foreclosure action was withdrawn Sept. 26. But Stewart pointed out there was another foreclosure action against the Wyskiewicz family home on Reservoir Road in 2005, involving another lender, and that this might be a reflection of his challenger's lack of financial acumen. (New Britain Herald, CT)
City debating expansion of development incentives zone Oct 3, 2007
The company is hoping to get enterprise zone benefits for its planned assisted living center on Flammang Drive, between GMAC Mortgage and Menards home improvement store. In other business, council members approved placing a speed hump in the 600 block of Dawson Street at the request of residents living there. (Waterloo-Cedar Falls Courier)
Stewart: I didn't leak info on Wyskiewicz's foreclosure troubles Oct 3, 2007
Lender GMAC Mortgage LLC filed to foreclose on the property of James and Patricia Wyskiewicz on July 24. But the matter was withdrawn Sept. 26. (New Britain Herald, CT)
12 step up to YMCA weight-loss challenge Sep 22, 2007
Occupation: GMAC Mortgage client relations advocate. Motivation. (Waterloo-Cedar Falls Courier)
Allen, other universities presidents, recommend arming campus police Sep 19, 2007
grammainiowa wrote on Sep 18, 2007 2:56 PM:" Rent-a-Cops' are people that sit at the door like they do at GMAC Mortgage Corporation and establishments such as that. Possibly a night watchman. These men are professionals and need to be armed. Some of you 'nays' seem to think that once they get that gun they are going to go crazy with it. NOT! They will use common sense along with the professional training that they received. ". If you would like to comment on this story, please log in with the... (Waterloo-Cedar Falls Courier)
GMAC delivers school supplies to Irving Elementary Aug 25, 2007
Employees of GMAC Mortgage, a Partner in Education with the school, brought the supplies following a 12-day collection effort. Students gathered to hear GMAC, school and elected officials speak as the supplies were presented. (Waterloo-Cedar Falls Courier)
One house's trip: the boom and bust Aug 12, 2007
That's something the owner, GMAC Mortgage, refuses to do. And so the house sits. (Los Angeles Times)
Editorial Aug 4, 2007
Sagamore Development, of Iowa City, asked the Waterloo Enterprise Zone Commission Monday to endorse expanding the city's current enterprise zone to include the vacant lot on Flammang Drive, between GMAC Mortgage and Menard's home improvement store. The proposal was tabled by the commission for further discussion next month. (Waterloo Courier, IO)
Survey: Borrowers Say Lenders Are Less Patient Today Aug 3, 2007
REALTOR Magazine Online: The real estate professional's business support tool. YOUR BUSINESS SUPPORT TOOL. (Realtor Magazine Online)
Whole Foods bags Kahului, Kailua sites Aug 2, 2007
GMAC Mortgage already vacated its space and is moving above Pier 1 Imports. First Hawaiian Bank, meanwhile, has entered a long-term lease with Kaneohe Ranch and will build a new branch -- larger than the existing one -- behind Mike McKenna's Ford dealership. (Honolulu Star-Bulletin)
Crossroads area housing project seeks enterprise zone expansion Aug 1, 2007
Sagamore Development, of Iowa City, asked the Waterloo Enterprise Zone Commission Monday to endorse expanding the city's current enterprise zone to include the vacant lot on Flammang Drive, between GMAC Mortgage and Menard's home improvement store. Despite getting a chilly response, the proposal was tabled by the commission for further discussion next month. (Waterloo Courier, IO)
Auto Insurance First: Technology Lets Americans Who Drive Less, Pay Less Jul 17, 2007
In addition to the Low-Mileage Discount program, GMAC Insurance offers even more discounts on auto insurance premiums for current GMAC Auto Finance and GMAC Mortgage customers; GM Cardmembers; GM/GMAC employees and retirees; active OnStar subscribers; customers with multiple GM vehicles; and customers who qualify as safe drivers. For more information on the GMAC Insurance Low- Mileage Discount Program and additional discounts for GM and GMAC Insurance products, and to find a local independent... (PR Newswire)
The downgrading of business travel Jul 9, 2007
GMAC Mortgage, a subsidiary of GMAC Financial Services, has increased its use of teleconferencing to cut down on employee business trips ... Previously, the company would fly its employees and trainers to one location to do the training face to face, says Terri Lewis, vice president of training for consumer services at GMAC Mortgage. (SunSpot.net)
Circuit Court Jun 8, 2007
GMAC Mortgage, LLC vs. Jeffrey A. Brown, Lora Ann Blasko, F/K/A Lora Ann Brown, Tauber and, P.C., and Midland Credit Management Inc.; Dismissed without prejudice. In the matter of the supervised administration of the estate of Lindsay N. Stanton, Deceased. (Kentland Newton County Enterprise, IN)
Twin Cities Habitat for Humanity Teams up with GMAC on Homeownership Preservation Efforts in Minneapolis Jun 6, 2007
The company's diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech. com, GMAC Bank, GMAC Real Estate, and Homecomings Financial -- cover the spectrum of the U.S. residential finance industry. (PR Newswire)
Elite staff get UC mortgages May 27, 2007
Compared with a traditional 30-year fixed mortgage, Macagno could save about $200,000 over the life of his $722,500 loan, assuming his UC interest rate doesn't surpass 6 percent, estimated Greg Wickstrand, a home loan consultant with GMAC Mortgage Corp.. It's a very, very good rate, Wickstrand said. (San Diego Union-Tribune)
Independence finance director resigns May 23, 2007
He spent most of his professional career working in the mortgage industry for companies like VGM Financial Services and GMAC Mortgage. "I'm sorry that we're losing him because he has done a good job for our district," said board president Dawnye Sturtz. (Waterloo Courier, IO)
Dechert Cracks the Code for Am Law 100 Success May 12, 2007
When its client GMAC Mortgage LLC was looking for a firm to handle its U.K. transactions, "we were the obvious one to take their work to," says Ciaran Carvalho, a Titmuss partner who made the transition. Last year the firm was appointed global and U.K. counsel to Capmark Financial Group Inc. (as GMAC has been renamed). (Law.com)
Public Notice May 1, 2007
Plaintiff: Mortgage Electronic Registration Systems, Inc. as nominee for GMAC Mortgage Corporation ... Plaintiff: GMAC Mortgage Corporation. (Hartford City News-Times, IN)
New Waterloo housing project 'overshadows' others in size Apr 22, 2007
Shadow Creek Crossing, a proposed 152-unit, 20 million multi-phase townhouse complex adjacent to GMAC Mortgage, will be off Schukei Road near Olive Garden, adjacent to the businesses along San Marnan Drive on the north edge of the Crossroads Center commercial area ... GMAC Mortgage is taking a role as preferred lender in the project based on the quality of Robson's work and developments, said Kyle Langenberg of GMAC Mortgage, which is originating loans for buyers of Robson's products throughout... (Waterloo Courier, IO)
Finding a legal escape clause Apr 22, 2007
" They moved into the house and began fixing it up. They painted the outside a greenish-gray and added landscaping and stonework to the yard, which now includes calla lilies, palm trees and a blue plastic swing for their son, who was born in late 2005. Around that time, the Pachecos decided to refinance. They had improved their credit by making their mortgage payments on time and were looking to lower their monthly costs. "We knew we'd gotten a good deal on the house and all of a sudden it... (San Francisco Chronicle -- Business)
Home foreclosures rise fourfold in Hub Apr 20, 2007
Fuller said they missed two of their $2,100 payments last fall, and then the lender, GMAC Mortgage, stopped accepting their payments when they did send them. She said her uncle referred her to the city for help, where a counselor negotiated with the lender to save their house. (Boston Globe -- Business)
Borrowers are caught in backlash over loan defaults Apr 15, 2007
I see it as definitely a bad thing, said Greg Wickstrand of GMAC Mortgage Corp. in San Diego. Subprime borrowers whose adjustable loans are about to reset at higher interest rates now have dramatically fewer opportunities to lock in a longer-term fixed rate, giving them more stable payments, he said. (San Diego Union-Tribune -- Business)
Annual spring cleaning set along Pennypack's banks Apr 14, 2007
Additional sponsors include Abington Bank, the Willow Grove Foundation, Willow Financial Bank, GMAC Mortgage, MCLS Woodworking, Specialty Glass Products Inc., Postal Discounters Group, LLC, Stanton Systems, as well as The Globe, Public Spirit and Willow Grove Guide newspapers. Anyone interested in lending a hand in the effort should contact the Pennypack Trust at 215-657-0830. (Doylestown Central Bucks Life, PA)
Home Show Exhibitors Mar 8, 2007
Thursday, March 8, 2007. CURRENT CONDITIONS:SUNNY 19. (The Standard-Times, MA)
Niche mortgages offer creative financing Feb 9, 2007
With rising prices forcing many buyers to settle for homes that need work, lenders such as Wells Fargo and GMAC Mortgage, a unit of General Motors Corp., also are pushing "purchase-and-renovate" loans. These allow the borrower to finance the cost of the home plus remodeling expenses based on the home's value after improvements are made. (Atlanta Journal-Constitution)
REAL ESTATE TRANSACTIONS Jan 30, 2007
33 Fairfield Ave., GMAC Mortgage Llc to Christine L. Jaworowicz, $70,000. 568 Pavement Road, Fannie Mae to John L. Burns, $67,000. (Buffalo News -- Business)
Residential Funding Company to Transfer Servicing of Mortgages Serviced by MLN Jan 27, 2007
The company's diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech. com, and Homecomings Financial -- cover the spectrum of the U.S. residential finance industry, from origination and servicing of mortgage loans through their securitization in the secondary market. (PR Newswire)
Chamber dinner-dance Jan 13, 2007
The sponsors of the event include Union Savings Bank, Yankee Pennysaver, Costco Wholesale, Law Office of Erik Kukk, Charter Funding, Brookfield Animal Hospital and GMAC Mortgage, Photronics, Newtown Savings Bank and state Sen. David Cappiello. (Brookfield Journal, CT)
The Public Record Jan 13, 2007
All items must be kept 140F or above or 45F or below. This includes egg rolls, fried chicken and pork, fried rice, etc. (Foster's Daily Democrat)
County property transfers Jan 13, 2007
GMAC Mortgage LLC to Connie Wright 247,500. Meadow Ridge Phase II JV to Matthew A. Woodward 52,900. (Fayette County Review, TN)
SCSU grad using film to give street kids a voice Jan 7, 2007
" It's the 29-year-old's first film, but you might have already seen some of his work. Nunez is a broadcast production manager for Colle+McVoy, a national advertising agency based in Minneapolis. He has worked on ad campaigns for the Minnesota Lottery, Red Wing Shoes, GMAC Mortgage, Minnesota Tourism, Cenex, BMW, Citibank, United Airlines, Starbucks, Sports Illustrated and And 1. Nunez hopes to find a distributor for his one-and-a-half- to two-hour documentary once it is completed in 2007. Once... (Brainerd Daily Dispatch)
