GMAC showed "bad faith" in Maine foreclosure: judge
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In his Sept 24 ruling, Maine District Court Judge Keith Powers ordered mortgage financier Fannie Mae (FNMA.OB) to cover some attorney's fees of Nicolle Bradbury, a borrower defending against foreclosure, because of GMAC's misconduct as its servicing agent, a date-stamped copy of the ruling shows.
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"The experience of this case reveals that, despite the Florida court's order, GMAC's flagrant disregard apparently persists," Powers wrote. "It is well past the time for such practices to end."
"The Court agrees with defendant, and finds to its satisfaction that the Stephan affidavit was submitted in bad faith," Powers added.
John Aromando, a lawyer for Fannie Mae and GMAC, did not immediately return a request for comment.
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You DO understand that the FNMA will pay with TAXPAYER funds, right?