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Ally Financial Leads U.S. Industry in Consumer and Dealer Auto Financing - Sacramento Bee


Ally Financial Leads U.S. Industry in Consumer and Dealer Auto Financing
Sacramento Bee
About Ally FinancialAlly Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world.
Ally Financial Leads US Industry in Consumer and Dealer Auto FinancingMarketWatch (press release)

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Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease - San Francisco Chronicle


Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease
San Francisco Chronicle
2 (Bloomberg) -- Ally Financial Inc., the auto and home lender bailed out by taxpayers, told investors it won't go public until more issues tied to faulty home loans are resolved and that it won't give a "blank check" to the mortgage unit, ...
Ally Financial posts Q4 loss on mortgage chargeReuters
Ally Financial Reports Preliminary Fourth Quarter and Full Year 2011 Financial ...MarketWatch (press release)

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Ally says it expects to pay $270M in foreclosure penalties - The Detroit News


Ally says it expects to pay $270M in foreclosure penalties
The Detroit News
The nation's largest auto lender, formerly known as GMAC, is 74 percent owned by the Treasury as part of a $17.2 billion bailout. In a filing with the Securities and Exchange Commission, Ally said it the majority of this charge was recorded at its ...

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Mortgage, foreclosure issues top AG's complaint list for the first time - Boston.com


The Boston Globe

Mortgage, foreclosure issues top AG's complaint list for the first time
Boston.com
Complaints about mortgage, loan modification and foreclosure issues soared in 2011 and were the biggest source of problems for consumers who asked the state attorney general's office for help. Complaints in that category rose more than 400 percent ...
Mortgage, foreclosure issues top Mass. complaintsThe Boston Globe
Massachusettes Mortgage and Foreclosure Complaints Quadruple at AG's OfficeLoanSafe
Mass. AG sees foreclosure deal with banks likelyCBS News

all 106 news articles »

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Taxpayers Still on the Hook for $133B from Bailouts - Fox Business


Taxpayers Still on the Hook for $133B from Bailouts
Fox Business
... are still owed $132.9 billion on investments in 458 bailed-out banks and companies, including failed insurer American International Group (AIG), General Motors (GM) and Ally Financial, the troubled auto and mortgage lender formally known as GMAC.

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Bank moves to seize Saabs at port - Pacific Coast Business Times


Bank moves to seize Saabs at port
Pacific Coast Business Times
Ally Financial is the new name of GMAC, GM's in-house finance arm for consumers and dealers until it spun off in 2006. By that time, its books had become bloated with questionable home loans in addition to its automotive loans.

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Western Mass. Chambers Pool Resources - Business West


Western Mass. Chambers Pool Resources
Business West
Filed against Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC, the lawsuit sues the banks for their role in allegedly pursuing illegal foreclosures on properties in Massachusetts as well as deceptive loan servicing.

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