GMAC Temporarily Suspends Foreclosures in 23 States; Discover Entering Mortgage Biz?; HMDA Data; New DU Version 8.2; Prop 4 in Florida

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Many have credited subprime loans with causing the mortgage crisis that peaked in 2008, and these loans continue to exist today.Subprime borrowers still get loans for automobiles, student debt, and personal loans.While newer loans might not trigger a global slowdown on the same scale as the mortgage crisis, they create problems for borrowers.

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GMAC – Ally Halts Foreclosures in 23 States It is my understanding in a report from Bloomberg that GMAC Mortgage has directed brokers and agents to halt foreclosures on homeowners in 23 states including Florida and New York state.

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GMAC Temporarily Suspends Foreclosures in 23 States; Discover Entering Mortgage Biz?; HMDA Data; New DU Version 8.2; Prop 4 in Florida. unit told brokers and agents to halt foreclosures on.

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