Ally Financial to exit mortgage origination business

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 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: Will Be Exiting Mortgage Origination Business and Looking at Strategic Alternatives for Our Credit Card Business in 1Q >ALLY
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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 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 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.
Looking Into Ally Financial's Recent Short Interest
According to Benzinga Pro, Ally Financial's peer group average for short interest as a percentage of float is 6.81%, which ...
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Ally lays off hundreds of employees
The bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic ...
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What’s Causing Ally Financial Inc (ALLY) Stock’s -13.67% Drop Over the Last Six Months?
Ally Financial Inc (ALLY) stock saw a decline, ending the day at $35.61 which represents a decrease of $-0.17 or -0.48% from the prior close of $35.78. The stock opened at $35.16 and touched a low of ...
Ally Financial (NYSE:ALLY) Coverage Initiated at Truist Financial
Research analysts at Truist Financial started coverage on shares of Ally Financial (NYSE:ALLY – Get Free Report) in a ...
2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid
Berkshire Hathaway ( BRK.A -0.09%) ( BRK.B -0.24%) owns about 45 stocks in its $300 billion portfolio, many of which were ...
Carvana lands important loan sale deal with Ally Financial
Carvana Co. (NYSE:CVNA) confirmed in an SEC filing that the auto retailer reestablished an agreement with Ally Financial ...
Sell Rating for Ally Financial Amid High-Interest Rate Challenges and EPS Downgrades
Wells Fargo analyst Donald Fandetti reiterated a Sell rating on Ally Financial (ALLY – Research Report) today and set a price target of ...
How recruitment will change in 2025, according to top HR leaders from Hilton, PwC, and Ally Financial
Rather than looking for perfection, they need to start looking for potential.” ...