Ally Financial closes mortgage origination business
1 day 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 Exit Origination Business – NMP
1 day 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 to End Mortgage Originations, Cut Jobs Across Company
1 day 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 …
1 day 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 to exit the mortgage origination business
1 day 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 to End Mortgage Originations, Cut Jobs Across Company (1)
1 day 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 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 Quick Quote ALLY - Free Report) will be exiting the mortgage origination business. Further, the company is seeking ...
Ally Financial: Will Be Exiting Mortgage Origination Business and ...
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Ally to to cut jobs, end mortgage originations - BBG
1 day ago · Ally's decision to exit mortgage originations and review its credit card business underscores the company's efforts to adjust its operations in response to the shifting economic environment.
Ally drops mortgage originations | Mortgage Professional
1 day ago · Ally Financial Inc. has announced plans to discontinue mortgage originations and to explore alternatives for its credit-card business amid rising consumer credit challenges.