GMAC stops buuying homes in MASS

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GMAC Mortgage, whose parent Ally Financial Inc. was among banks sued Thursday by Massachusetts Attorney General Martha Coakley, said Friday it will stop buying new Massachusetts mortgages in the.

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On Friday, GMAC Mortgage, the mortgage origination and servicing operation of Ally Financial Inc., announced that it would stop purchasing mortgage loans from the third party in Massachusetts. But those early letdowns can provide a valuable (if heartbreaking) crash course in home buying, Presti says. have school systems that would be the envy of other areas.

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