GMAC to Pay $230M in Foreclosure Settlement Deal - The Federal - TopicsExpress



          

GMAC to Pay $230M in Foreclosure Settlement Deal - The Federal Reserve Board announced Friday a settlement with GMAC Mortgage that will end the complex and costly foreclosure reviews required through prior enforcement actions. GMAC will pay about $230 million in cash payments to mortgage borrowers as part of the foreclosure deal. According to a statement from the Fed, over 232,000 GMAC borrowers whose homes were in any stage of foreclosure in 2009 and 2010 will receive ... ow.ly/2yFAij
Posted on: Fri, 26 Jul 2013 20:36:40 +0000

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