Ally Financial to exit mortgage origination business

ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto Franchise
Ally Financial is set to exit the mortgage origination and credit card businesses. It intends to right-size the organization and focus on the auto business.
Ally Financial closes mortgage origination business
Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments.
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers falling behind on debt.
Ally Financial to exit the mortgage origination business
Ally Financial (ALLY) plans to exit mortgage origination and evaluate options for the credit card business, impacting less than 5% of workforce.
Detroit-based Ally to end mortgage originations, cut jobs across company
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 cutting jobs
Ally Financial Inc. (NYSE: ALLY) is reducing its workforce by several hundred positions, a move that comes after the bank said it is exiting a key business and looking at alternatives for another unit.
Yahoo Finance2d
Ally mortgage review 2025
Ally Bank sets itself apart as a mortgage lender with the clarity of its offerings: conventional and jumbo loans with fixed- and adjustable-rate options, plus one of the most comprehensive ...
Investopedia26d
Ally Savings Account Interest Rates: January 2025
Ally Bank offers attractive rates on its high-yield savings account ... brokerage and retirement accounts, mortgages, auto loans, and personal loans. Ally Bank is insured by the Federal ...
Forbes9d
Ally Bank CD Rates: January 2025
Here’s an overview of the Ally Bank Certificates of Deposit rates. Rates are accurate as of January 2, 2025. Ally Bank offers high-yield CDs with competitive rates and no minimum deposit ...
Business Insider1d
Ally Bank Review: Features, Pros, and Cons
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details).
Ally lays off hundreds
The layoffs were announced along with plans to exit the mortgage origination business and come as the bank is exploring ...
Forbes9d
Ally Savings Interest Rates Of January 2025
Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online.