- Report: #607534
Complaint Review: GMAC Mortgage Corporation - Waterloo, Iowa 50704-4622 Internet
Reported By:
Business owner -
Puyallup, Washington, USA
Submitted:
Updated:
-
Author Confirmed
Why?
GMAC Mortgage Corporation
GMAC, PO Box 4622, Waterloo, Iowa 50704-4622, 50704 Internet, United States of America
Phone:
800-766-4622
Web:
www.gmacmortgage.com
Categories:
Business Rating:
(0)
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GMAC Mortgage Corporation Refuses to terminate PMI despite Calls and Letters, Internet
GMAC Mortgage has continued to redistribute additional principal paid to my load to their terminated PMI despite letters and phone calls. They have re-routed monies put to principal, falsely stated that escrow amount in the same amount as PMI are due. By the way my loan has been down to 64% of the original loan - the cutoff is 79% where they have to end PMI when they are notified by the mortgagee or borrower. I have filed a complaint with my state Consumer Protection Agency and nothing is done. Just reporting a Scammer. Never get a loan with GMAC as they practice consumer fraud and abuse of their loan recipients.
1 Updates & Rebuttals
Karl
Highlands Ranch,Colorado,
USA
***NATIONWIDE MORTGAGE ALERT*** General Motors is linked with the Federal Reserve.....
#2Consumer Comment
Wed, June 02, 2010
according to a site where the chart of ownership for the FED and 4 other related charts appear.
*Anyone can 'Google' this- WHO OWNS THE FED?, and go to the site with the chart of ownership and the related charts, correct? (GMAC is also linked with General Motors.)
I believe that Cerberus Capital Management also owns part of GMAC. (Do some research on who runs Cerberus, if you have a chance. I believe that they bought most of Chrysler Corp. a few years ago. Chrysler is also linked with the Federal Reserve.)
*****************************MORTGAGE ALERT******************************
*Make sure to read all of St. Clair's Ripoff Reports at the MERRILL LYNCH page of this site for valuable information if you have a mortgage.
