GMAC stops buuying homes in MASS

This move by GMAC, now Ally, is remarkably brazen. GMAC has effectively said that Massachusetts must hew to its demands of how to deal with foreclosures. It announced it is withdrawing from mortgage lending in the state in an effort to bring it to heel. GMAC may be in a better position to exercise this sort of threat than other banks, since with their broader business lines, government bodies.

Hello Investors, Agents, and Anybody Else in Real Estate, I’m looking at properties I may invest in the Massachusetts area. I notice that much of the properties here in Greatet Boston have a horrible ROI however I’m finding many B and C class properties in the North Shore—like Salem, Lowell, and Everett—that have a decent ROI.

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GMAC Mortgage, whose parent Ally Financial Inc. was among banks sued Thursday by Massachusetts Attorney General Martha Coakley, said Friday it will stop buying new Massachusetts mortgages in the.

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The debate was hosted by LSU’s Manship School of Mass Communication and Nexstar Media Group. and we had to raise taxes or we were going to kick elderly out of nursing homes. Or, we’re going to stop.

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