Items Tagged with 'Ally Financial'

ARTICLES

  • Better.com launches expansion in Charlotte, plans to hire 1,000 new employees

    New office will serve as hub of partnership with Ally Financial
    Having raised well north of $150 million in capital this year alone, digital mortgage company Better.com is in full growth mode. According to details provided earlier this year by the company, Better has added more than 500 new employees in the last year and planned to hire at least 400 more this year. But the company is not stopping there. Better announced this week that it is planning a massive expansion in Charlotte and plans to hire 1,000 employees in its new North Carolina office over the next five years.
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  • Ally Financial partnering with Better.com to launch digital mortgage platform

    Ally now fully back in the mortgage space
    Ally Financial, which all but exited the mortgage business back in 2012, got back into mortgages in earnest in 2016. Now, Ally is taking its mortgage business to the next level by going digital with help from Better.com (formerly known as Better Mortgage). Ally and Better announced Thursday that the companies are partnering to launch a digital mortgage platform for Ally.
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  • Welcome home: Ally steadily grows mortgage business

    Posts increase in mortgage finance revenue
    After stepping away from the mortgage side of the business back in 2012, Ally Financial is showing steady progress back into the space as it redevelops the business. With less than a year under Ally Home Bank’s belt, here’s the latest pulse on how the business is doing.
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  • Ally Home Loans now offers Fannie's low down payment product

    Better serves first-time homebuyers
    Ally Home Loans, which is the newly created direct-to-consumer mortgage arm of Ally Bank, only jumped into mortgages at the end of last year, and it’s already broadening its suite of products. The mortgage company announced it will start offering Fannie Mae’s HomeReady mortgage loan to better cater to first-time homebuyers.
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  • Ally Bank gets back to mortgage lending big time

    Introduces its new Ally Home mortgage offering
    A few years after Ally Bank exited mortgage lending, it is now making its comeback as the bank re-enters the market in a much bigger way. The bank fell on hard times just after the housing crisis, but now announced its new home mortgage offering.
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  • Ally Financial to pay $52 million in ResCap toxic mortgage bond settlement

    Marketed subprime RMBS deals knowing quality of mortgages
    Ally Financial will pay $52 million to settle allegations that one of its subsidiaries, Residential Capital (also called ResCap), knowingly marketed mortgage bonds despite the fact that the underlying mortgages were toxic. Under the terms of the settlement agreement, Ally Securities, formerly known as Residential Funding Securities, will immediately discontinue operations and be de-registered as a broker-dealer as an acknowledgment of the improper conduct.
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  • Ally Financial getting back into mortgage business

    Two years after dropping mortgages completely
    Two years after being completely driven from the mortgage business due to the losses suffered by its former subsidiaries, GMAC Mortgage and Residential Capital, also known as ResCap, Ally Financial is getting back into mortgages.
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