Ally Financial
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Ally Financial to pay $52 million in ResCap toxic mortgage bond settlement
Nov 21, 2016Ally Financial will pay $52 million to settle allegations that one of its subsidiaries, Residential Capital (also called ResCap), knowingly marketed mortgage bonds despite the fact that the underlying mortgages were toxic. Under the terms of the settlement agreement, Ally Securities, formerly known as Residential Funding Securities, will immediately discontinue operations and be de-registered as a broker-dealer as an acknowledgment of the improper conduct.
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Ally Financial getting back into mortgage business
Dec 11, 2015 -
Why is George Soros staking a huge claim in AIG and Ally?
Aug 26, 2014 -
Ally earnings tumble amid mortgage settlement costs
Feb 06, 2014 -
Weakened mortgage operations squeeze Ally Financial profits
Nov 05, 2013 -
Ally Financial earnings tumble 76% from sour mortgages
Nov 05, 2013 -
Ally reaches settlement with the FHFA, FDIC
Oct 29, 2013 -
Five mega servicers agree to more oversight
Oct 02, 2013 -
Ocwen profit grows as firm remains focused on MSR activity
Aug 01, 2013 -
Ocwen: Revenue jumps 70% after boarding new servicing portfolios
Feb 28, 2013 -
Walter Investment scoops up Ally’s mortgage operation
Feb 18, 2013 -
ResCap continues to weigh on Ally
Feb 05, 2013
