GMAC Mortgage said it is hiring new staffers at its nationwide lending and servicing centers.On April 13, the company joined the Home Affordable Modification Program and the hires are needed to accommodate the increase in loan modifications, as well as the recent surge in refinance activity. Even before becoming formally part of the program, the Fort Washington, Pa., based company sent out more than 100,000 financial packages to homeowners who are potentially eligible for modifications under the new program. While the press release issued by GMAC Mortgage did not give a number for the new hires, other published reports say the company is adding 1,000 people. A call to GMAC Mortgage for confirmation was not returned by deadline.
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Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
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The company last week introduced a temporary shareholder rights plan to curb any attempt by Garg to use supervoting shares and reinstall himself as CEO.
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A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
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Hometap has asked federal judges in three states to compel arbitration, a move that would preclude class action lawsuits and the accompanying public scrutiny.
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All of UMortgage's roughly 275 employees will stay on, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with Mike Kortas.
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The deal with regulators for Redfin to restart its internet listing service is just one more way to help consumers on their home journey, Rocket said.
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