Federal Reserve Board Announces Amendment to GMAC Consent Order

  Federal Reserve Board Announces Amendment to GMAC Consent Order

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By Daniel Edstrom
DTC Systems, Inc.

The following press release was issued on July 26, 2013:

Press Release

Release Date: July 26, 2013

For immediate release

The Federal Reserve Board on Friday released an amendment to the enforcement action against GMAC Mortgage requiring approximately $230 million in cash payments to mortgage borrowers.

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