GMAC Foreclosures May Have Been Faulty

24 Sep 2010

Titan Capital has hired industry veteran Keith Danko, the former chief executive of U.S. operations at London-based alternative investment firm CQS.

Ally Financial’s GMAC Mortgage arm has told Freddie Mac its foreclosures may have been faulty weeks before stopping eviction procedures, Bloomberg reports. Ally has told the agency that affidavits for court proceedings may not be valid, according to reports.

Click here to read the story from Bloomberg

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