Ally Financial to exit mortgage origination 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 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.
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 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 to to cut jobs, end mortgage originations - BBG
Ally Financial (NYSE: ALLY) plans to exit its mortgage origination business and reduce its workforce due to increasing credit challenges and the impact of higher interest rates, according to a report from Bloomberg on Wednesday.
Ally Financial to cut hundreds of jobs companywide, Charlotte Observer reports
Ally Financial (ALLY) plans to cut hundreds of jobs companywide, bank spokesman Peter Gilchrist confirmed in a statement to The Charlotte
Ally Financial: Will Be Exiting Mortgage Origination Business and Looking at Strategic Alternatives for Our Credit Card Business in 1Q >ALLY
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
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.
Ally Financial To Exit Origination Business
The Detroit, Mich.-based Ally Financial is exiting the mortgage origination business, as first reported by The Charlotte Observer. The holding company and financial services provider offers mortgage lending services through its digital-only banking subsidiary,
bankingdive1d
Ally lays off hundreds of employees
The bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic ...
Ally Financial confirms hundreds of layoffs companywide, including in Charlotte
About 2,400 people work for Ally in Charlotte. The company said it would cut “less than 5%” of its workforce to help ...
Ally Financial to exit the mortgage origination business - report
Ally Financial (NYSE:ALLY) will exit the mortgage origination business and is considering alternatives for its credit card ...