GMAC suspends evictions after affidavits challenged

Reuters reported a story picked up by Fox News about GMAC’s defective affidavits that they were submitting to courts in foreclosure cases and GMAC’s decision to suspend some evictions.  GMAC says “The substantive content of the affidavits are factually accurate” but the Florida attorney general’s office is also investigating “whether improper documentation may have been created and filed with Florida courts to speed up foreclosure processes,” by law firms who represent mortgage lenders, according to an August press release from the office.  They quote Max saying that “What GMAC has been doing with affidavits … is no different from what anyone else has been doing in the mortgage servicing business,” … “This is business as usual for the mortgage servicing industry.  GMAC just got caught.”