Ohio Attorney General Files Lawsuit Against GMAC Mortgage
Attorney General Richard Cordray said GMAC Mortgage's parent Ally Financial had taken actions that raise questions about the legitimacy of foreclosures in 22 states including Ohio, USA Today reported.
The Ohio attorney general's lawsuit alleges that GMAC Mortgage violated the state's consumer laws. It seeks as much as $25,000 in penalties for each violation.
The lawsuit mentions a deposition by Jeffrey Stephan, a GMAC employee. In a Maine lawsuit, Stephan said he signed as many as 10,000 foreclosure affidavits a month between 2006 and 2010, without having them properly notarized or reviewing the underlying documents as required.
Ally Financial denied its practices were fraudulent or deceitful, and vowed it would remedy any "procedural mistakes" that may have been made in legal documents.