Ohio asks courts to review GMAC foreclosures

Fallout over GMAC Mortgage's foreclosure practices deepened on Tuesday as Ohio's top law enforcement official asked courts in that state to review all foreclosure cases involving the Ally Financial Inc unit.


Richard Cordray, the state's attorney general, said he made his request after GMAC last week acknowledged that some employees were submitting affidavits in foreclosure proceedings without personally verifying the documents' contents.

This has raised doubt over GMAC's foreclosure process, including whether some borrowers lost their homes without good reason, exacerbating the nation's housing crisis.

Read on.

Attorney General Cordray's letter to the judges in Ohio is available here.