U.S. auto lender Ally Financial has satisfied a requirement to provide $200 million in home loan modifications and other consumer relief under last year’s $25 billion national mortgage settlement, according to the pact’s monitor.
Ally, along with its Residential Capital and GMAC Mortgage units, becomes the first of five mortgage servicers to complete its portion of the mandated customer assistance.
Ally, ResCap and GMAC complete share of mortgage relief
Most Popular Articles
Latest Articles
Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.