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Another Mortgage lender Snafu

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  • Another Mortgage lender Snafu

    Ally's GMAC unit withdraws foreclosure affidavits signed by second employee


    Rollin' Rollin' Rollin'

    Keep movin', movin', movin',
    Though they're unknowingly approvin',
    Keep them sheeple movin' Rawhide!

    Don't try to inform them,
    Just rope-a-dope and sign 'em,
    Soon we'll be living high and wide.

    Rollin' Rollin' Rollin'
    Boy my wallet's calculatin'
    My true love will be waitin',
    be waiting at the Collateral Debt Obligation.
    Rawhide!


    Move 'em on, head 'em up,
    Head 'em up, move 'em out,
    Move 'em on, head 'em out Rawhide!
    Set 'em out, ride 'em in
    Ride 'em in, set 'em up,
    It's all in the Derivatives, Rawhide!


    Rollin', rollin', rollin'
    Rollin', rollin', rollin'




    Was Kristine Wilson another "robo-signer"?

    Attorneys for homeowners in Florida say Ally Financial's GMAC mortgage unit has begun to withdraw affidavits submitted in support of foreclosures that were signed by a second employee. Like Jeffrey Stephan--the document processor who admitted in sworn testimony that he signed 10,000 documents a month without reviewing them--Kristine Wilson signed as a "limited signing officer" for GMAC.

    In a request to withdraw an affidavit listing debts owed by a homeowner that was signed by Wilson in a Palm Beach County Circuit Court case, lawyers for GMAC say that "information in the affidavit may not have been properly verified."

    The attorneys said, however, that the "amounts reflecting the indebtedness contained therein" . . . "were believed to be correct when filed."

    Ally, which is majority-owned by the U.S. Treasury Department, did not immediately respond to requests for comment.

    http://voices.washingtonpost.com/pol...raws_fore.html
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