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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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GMAC Mortgage Huge Player in Robo Signing Scandal


GMAC Mortgage is under scrutiny due to an internal document that has come to surface that shows that GMAC used false documents to foreclose on a borrower.  GMAC is known as one of the largest lenders in the nation. The lender wanted to foreclose on a borrower who lived in New York , and did so illegally. GMAC was heavily involved in the "Robo Signing" scandal.  However, the lender states that since all of these illegal accusations, they have really improved their process. They are extremely more complaint and working on getting better on a daily basis.