A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.


Ally Bank gets back to mortgage lending big time

Introduces its new Ally Home mortgage offering

Ally Bank announced Monday it is finally back into the mortgage business big time, and introduced its new direct-to-consumer mortgage offering – Ally Home.

After the housing crisis, Ally fell on hard times as seen here, here and here.

Eventually, the company announced it would slowly leave the mortgage industry, and then put the final nail in the coffin as it reported its successful move away from mortgages.

Just a few years later, however, Ally announced it would be re-entering the industry. In December of last year the company said it would be re-entering the market slowing during 2016. 

Now, one year later, Ally made it official with its new offering, Ally Home, which expands the company’s newly-growing mortgage business to include home loans.

Ally’s new product features mortgage products with varying term options for competitively priced, fixed rate and adjustable rate loans to serve customers seeking to purchase a new home or refinance an existing mortgage.

The bank’s president expressed her commitment to “do it right” as the company moves back into the space.

“At Ally, our goal is to ‘Do It Right’ for our customers, many of who have expressed a desire to deepen their relationships with us through additional products to meet their personal finance needs,” said Diane Morais, Ally Bank president and CEO.

“Because a home loan is a cornerstone financial product and the largest market within the consumer lending space, this is a natural next step for Ally,” Morais said.

The new product allows consumers to begin the process of applying online, where they leave their contact information for a bank representative to reach out to the borrower to finish the process.

Ally will team up with LenderLive on this effort, a premier mortgage services provider with a focus on fast, compliant, mortgage fulfillment, settlement and document services.

Most Popular Articles

Biden’s executive order will extend foreclosure moratorium

President Biden plans to sign 17 executive orders his first day in office, including an extension of the eviction and foreclosure moratorium.

Jan 20, 2021 By

Latest Articles

SitusAMC acquires Assimilate Solutions

Technology firm SitusAMC announced its acquisition of mortgage and title outsourcer Assimilate Solutions on Monday – it’s second acquisition in January.

Jan 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please