Complaint Review: GMAC Mortgage Corporation - Waterloo, Iowa 50704-4622 Internet
- GMAC Mortgage Corporation GMAC, PO Box 4622, Internet United States of America
- Phone: 800-766-4622
- Web: www.gmacmortgage.com
- Category: Government Corruption
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.....
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: https://www.ripoffreport.com/reports/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. READ: Foreign websites steal our content
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#1 Consumer Comment
***NATIONWIDE MORTGAGE ALERT*** General Motors is linked with the Federal Reserve.....
AUTHOR: Karl - (USA)
SUBMITTED: Wednesday, June 02, 2010
according to a site where the chart of ownership for the FED and 4 other related charts appear.
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