Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Ally Bank To Sell Business Lending Mortgage Operations

Wednesday, February 20, 2013 - 6:36 AMAlly Bank - Details
From Dow Jones Business News via Nasdaq
Ally Financial Inc. said Monday it reached a deal to sell its bank's business-lending operations to Walter Investment Management Corp. ( WAC ) as it continues to shed noncore assets.
[...]
Ally in recent years has been working to reduce its exposure to the mortgage business and other business lines so it can focus on its core U.S. auto-lending and online-banking businesses and repay a government bailout that topped $17 billion.

Read more
4
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
Reply