• Report: #607534

Complaint Review: GMAC Mortgage Corporation

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, May 26, 2010
  • Updated: Wed, June 02, 2010

  • Reported By: Business owner — Puyallup Washington USA
GMAC Mortgage Corporation
GMAC, PO Box 4622, Internet United States of America

GMAC Mortgage Corporation Refuses to terminate PMI despite Calls and Letters, Internet

*Consumer Comment: ***NATIONWIDE MORTGAGE ALERT*** General Motors is linked with the Federal Reserve.....

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

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.

This report was posted on Ripoff Report on 05/26/2010 12:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/GMAC-Mortgage-Corporation/internet/GMAC-Mortgage-Corporation-Refuses-to-terminate-PMI-despite-Calls-and-Letters-Internet-607534. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on GMAC Mortgage Corporation

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

***NATIONWIDE MORTGAGE ALERT*** General Motors is linked with the Federal Reserve.....

AUTHOR: Karl - (USA)

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.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory