Comments

Update on the Attorney General’s Lawsuit Against GMAC Mortgage LLC. — 3 Comments

  1. The Court also started the briefing clock in Anderson v. Barclays Capital Real Estate, which had been held for decision of the GMAC case. This is interesting because it provides the parties in Anderson the benefit of the oral argument in GMAC. During argument in GMAC, the Court members seemed very skeptical that any part of the mortgage servicing process actually falls within the definition of a “consumer transaction” under the CSPA. The argument did not go well for the Attorney General’s position on that point. The parties in Anderson will now be able to craft arguments that directly respond to specific lines of questioning.

    • Thanks, Andy. It will be interesting to see if the Court sets another oral argument for the same set of issues. I agree that the AG’s argument trying to fit the defintion of a consumer transaction into the CSPA did not go well.
      Marianna Bettman

  2. I applied for my Mortgage through GMAC Mortgage Corp. the next thing i now without notice they transferred my loan to OCWEN Loan Servicing Corp. and they are taking me for a loop I am oweing them money my mortgage keeps going up and a PMI was applied to my statement. I have never missed a mortgage payment so I don’t know why and when I call OCWEN they were unable to give me information. how is it that these people can do whatever they want with your money and not inform the customer. if someone can help me please send me the information