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.
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 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: 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.
Detroit-based Ally to end mortgage originations, cut jobs across company
The firm had about 11,100 employees as of the end of 2023, with a significant portion of its workforce in Charlotte, North Carolina.
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 business, according to a media report on Wednesday. The move to leave the mortgage origination business would affect less than 5% of the company's workforce,
Impacts50m
Why Banks Are Switching to Lender’s Mortgage Origination System
In the competitive world of mortgage origination, banks are increasingly looking for ways to stay ahead of the curve. As ...
CNBC10d
Best mortgage refinance lenders of January 2025
It received an A from the Better Business Bureau and an uncommonly high.4.21 out of 5 stars for customer reviews. It ranked below average, however, on J.D. Power's 2023 U.S. Mortgage Origination ...
Bankrate on MSN2d
Mortgage rates back over 7%
Discount points are a way for you to reduce your mortgage rate, while origination points are fees lenders charge ...
Walla Walla Union Bulletin3d
Mortgage Machine Services Fully Integrates AI-Powered Pricing Engine into Proprietary LOS
ADDISON, Texas, Jan. 8, 2025 (SEND2PRESS NEWSWIRE) — (Mortgage Machine), an industry leader in digital origination ...
CNBC3d
CrossCountry Mortgage review 2025: Down payment grants and diverse loan options
In addition, we incorporate findings from independent sources, including lender scores from the J.D. Power U.S. Mortgage Origination Satisfaction Study and ratings from the Better Business ...
bankingdive2d
Ally lays off hundreds of employees
The bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic ...