Ally Financial closes mortgage origination business
2 days ago · Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to ...
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
3 days ago · Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...
ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto …
1 day ago · As mortgage rates are expected to remain higher for longer, Ally Financial ALLY will be exiting the mortgage origination business. Further, the company is seeking “strategic alternatives” for ...
Ally to End Mortgage Originations, Cut Jobs Across Company
2 days ago · (Bloomberg) -- Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt ...
Ally to End Mortgage Originations, Cut Jobs, Weigh Alternatives …
2 days ago · Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. The Detroit-based ...
Ally Financial: Exiting the Mortgage Origination Business Is a …
2 days ago · Ally Financial intends to fully exit its mortgage origination business and reduce its workforce by around 5% in the process. This follows a previous move in November to stop holding new mortgages ...
Ally to End Mortgage Originations, Cut Jobs Across Company (1)
2 days ago · Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. The Detroit-based company will cut less than 5% of its workforce, an Ally spokesperson said in an email to Bloomberg News. The firm had about 11,100 employees as of the end of 2023, with a significant portion of its ...
Ally Financial To Exit Origination Business – NMP
2 days ago · The Detroit, Mich.-based Ally Financial is exiting the mortgage origination business, as first reported by The Charlotte Observer. The holding company and financial services provider offers mortgage lending services through its digital-only banking subsidiary, Ally Bank. Ally Financial was known as GMAC until 2010.
Ally Financial to exit the mortgage origination business
2 days ago · Ally Financial (NYSE:ALLY) will exit the mortgage origination business and is considering alternatives for its credit card business in Q1 2025, a company spokesperson said on Wednesday. In ...
Ally Financial: Will Be Exiting Mortgage Origination Business and ...
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