Ally Financial's troubled mortgage subsidiary, Residential Capital, will honor its work with homeowners in the $25 billion mortgage settlement in case of a "transformative transaction," according to The Wall Street Journal.
In an addendum to the settlement, Ally said ResCap would still handle homeowner relief measures, including principal write-downs and refinancings, if sold or reorganized. Ally would still pay any dollar amount owed as part of the settlement.
Tangible net worth of the mortgage unit fell to $104 million from $884 million over the course of 2011.
Read more at The Wall Street Journal.