Personal Finance Advice and Commentary

Monday, December 05, 2011 3:44 pm
By Polyana da Costa · Bankrate.com

GMAC, the mortgage arm of Ally Financial, will cease most of its mortgage lending in Massachusetts. The announcement came a day after Massachusetts Attorney General Martha Coakley filed suit against GMAC and four other major mortgage servicers, alleging illegal foreclosure practices in Massachusetts. GMAC says it will stop buying loans from correspondent lenders and wholesale